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Re: Landlord Bankruptcy

Posted by consigliere on November 22, 2001 at 08:52:00:

In Reply to: Landlord Tenant posted by Margaret Monks on November 21, 2001 at 17:52:04:

Your best move might be to set up an escrow-type account at a bank and deposit the October and November rent.

Then write to the former owner and the person claiming to be the new owner, by certified mail, return receipt requested, letting them know that you've established and funded the escrow account, and ask for proof (preferably court-certified documents, new HPD registration, etc.) of current ownership of the building.

There is nothing worse than paying rent to the wrong owner and still being liable to the correct owner for the rent. An escrow account would also show a housing court judge that you have the money for the rent and that you want to be certain that you will be paying the rent to the correct owner. In housing court, the landlord would have to prove ownership of the building and entitlement to collect past and current rent.
: Hi! I had a year Lease from August 17, 2000 until August 18, 2001. At the end of this My landlord and I made verbal agreement for me to stay 5 or 6 more months. I then paid rent in September ont he 17th (due date). When it came time to pay rent on October 17th my Landlord informed me not to pay rent because he had filed Bancruptcy. Now this month November 12th another tenant tells me he owns the building> I saw paper saying the original owner signed building to other guy, but i dont know if these papers are legal or if this is believable. What is my next move cause i know not what i should do?

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