I have an agreement with my landlord for 12months rent credit in exchange for repair work completed on other rental property buildings owned by him. I recently received a notice of sale and discovered he is in foreclosure + process continued despite his claims that there was nothing to worry about/ he & his lawyer were working to remedy this. The property I lease is now bank owned. What are the state (MO) or federal laws pertaining to this? (repair work done in exchange for rent credit) There is no subordination clause in my lease, though I have doubts that these rental agreement terms are enforceable in the event of foreclosure. My Former Landlord filled out, signed, and delivered a copy of my residential lease stating: payment for the first 12 months is hereby paid in full in advance. After seeing evidence of my Former Landlord's negligence & mismanagement result in Default/Foreclosure, I do not trust him or his lease provisions. I do not intend to follow suit and risk losing my home. Our agreement for 12 months rent credit ? Breach of contract? Consumer Fraud? I wish to remain as a tenant in good standing. Personally, I have invested an earnest, honest effort + time in addition to money spent on rent. I cannot afford to suffer any further expense or risks involved in relying on this slumlord's word. Written or otherwise. Currently, I don't posses the means to afford the cost to retain legal counsel + hold rent in escrow (and if forced to move suddenly-I'm officially screwed.
Tenant Lease in Foreclosure
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