foreclosure

Landlords must disclose foreclosures to tenants

Renters no longer have to worry about being surprised when their home is repossessed by a bank now that a new law requiring landlords to give them notice has been signed.

Gov. Jan Brewer signed the tenant notice bill late last week amid a flurry of action on laws passed by the legislature in the session that ended June 14.

House Bill 2281 amends the Arizona Residential Landlord and Tenant Act to require owners to provide written notice to tenants within 5 business days of receiving a notice of trustee’s sale. The law previously only required notice if a provision was in the lease.

Republican Rep. Steve Smith of Maricopa says he sponsored the bill after renters complained they were tossed out by banks without notice.

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Michael Gossie

About Michael Gossie

Michael Gossie is a competitive marathon runner, Ironman triathlete and award-winning journalist who has earned more than 50 awards for writing, editing and design. He studied economics at Elmira College in Elmira, N.Y., and put his entrepreneurial spirit to work in 2007, using a 200-year-old family recipe to launch an Italian sauce company. He is most proud of being the founding president of the Steuben Arc Foundation in Upstate New York, which serves individuals with developmental disabilities, including his sister.