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protecting tenants at foreclosure act of 2009 who is a tennant georgia foreclosure real estate: The Protecting Tenants at Foreclosure Act of 2009 - Who is a "Tennant" - 06/29/09 09:59 PM
  The occupant at the time of the foreclosure sale is a "bona fide tenant" of the former owner with a fixed term lease:

 The new laws only pertain to bona fide tenants as defined by the Act. A bona fide tenant of the
previous owner is someone who entered into a lease agreement before the Notice of Foreclosure
was recorded, the lease was negotiated at "arms-length," and the rent is not "substantially" lower
than the fair market rent for the property (unless reduced because of a subsidy). However, if the
tenants are the child, spouse or parent of the … (2 comments)

 
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Eric Reid

Lawrenceville, GA

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