News & Analysis as of September 20, 2024

Tenants

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Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -

Bring On Q4 - September 2021 - COVID-19 Update: New York Governor Signs New Moratorium Effective until January 15, 2022

Cadwalader, Wickersham & Taft LLP on 9/30/2021

On September 2, 2021, New York Governor Kathy Hochul signed into law a new moratorium on evictions and foreclosures for residential tenants and small businesses. Recently, in the case Chrysafis v. Marks, the U.S. Supreme...more

COVID-19 Update: New York Governor Signs New Moratorium Effective until January 2022

Cadwalader, Wickersham & Taft LLP on 9/7/2021

COVID-19 Update: Governor Cuomo Extends Eviction and Foreclosure Moratorium until August 31

Cadwalader, Wickersham & Taft LLP on 5/6/2021

On May 5, 2021, New York Governor Andrew Cuomo signed a bill that extends the moratorium on evictions and foreclosures for residential tenants and small businesses to August 31, 2021. The previous moratorium expired May 1,...more

Help or Harm? New Legislation Aimed at Helping Tenants and Borrowers Impacted by COVID Causes Concern for Landlords and Lenders

Harris Beach PLLC on 3/12/2021

In his recent State of the State Address, New York Governor Andrew Cuomo indicated a desire to stay mortgage foreclosures, commercial evictions and foreclosures through May 1, 2021. On March 9, 2021, the Governor’s desires...more

California Legislature Extends Residential Eviction Moratorium and Implements Rental Assistance Program for Landlords and Tenants

Sheppard Mullin Richter & Hampton LLP on 2/10/2021

Effective February 1, 2021, the California Legislature and Governor Gavin Newsom approved Senate Bill (“SB”) 91 – Eviction Protection and Relief Act in further response to the ongoing COVID-19 pandemic. In essence, SB 91...more

Changes to State of California COVID-19 Tenant Relief Act of 2020

Polsinelli on 10/12/2020

On August 31, 2020 California Governor Gavin Newsom signed the “COVID-19 Tenant Relief Act of 2020” and the “COVID-19 Small Landlord and Homeowner Relief Act of 2020” (herein, together, the “Act”), which became effective...more

California Enacts Legislation Preventing Residential Evictions and Granting Protection From Foreclosure as a Result of Hardship...

Snell & Wilmer on 9/3/2020

On August 31, 2020, California Governor Gavin Newsom signed into law AB 3088 (the "Bill"), extending a statewide stoppage of evictions for unpaid rent due to the COVID-19 pandemic and granting protection from foreclosure to...more

New Tenant Protection Law Affects Conversions of Rental Buildings in New York - Law Also Impacts Proprietary Leases, Subleases and...

Holland & Knight LLP on 7/12/2019

• New York's Housing Stability and Tenant Protection Act of 2019, which was enacted and became effective on June 14, 2019, will have a sizable impact on a landlord's ability to convert buildings to cooperatives and...more

Notice Requirements for Protection of Tenants in Foreclosure Actions Session Law 2015-178

Poyner Spruill LLP on 9/16/2015

The Federal “Protecting Tenants in Foreclosure Act of 2009” expired on December 31, 2014. The North Carolina General Assembly has adopted Session Law 2015-178 which reinstates many of the same protections for tenants as...more

Client Alert: New Florida Law Protecting Tenants in Foreclosure

Shumaker, Loop & Kendrick, LLP on 6/8/2015

New Florida Law Protecting Tenants in Foreclosure - On June 2, 2015, Florida Governor Rick Scott signed into a law a new statute titled "Termination of rental agreement upon foreclosure," which became effective upon...more

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