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Updated almost 8 years ago,
Inherting Tenants with Existing Leases in GA
This is a hypothetical question I am trying to understand. If one inherits tenants from a previous owner, is there a limit to what is defined as a lease. Can the previous owner sign a 5 year lease with their tenants for $100 a month and this must be respected by the new owner? If not what are the limits here. I understand the "Tenant Protection ForeclosureAct of 2009" addresses this question but this only applies to foreclosures, correct? Where is this addressed in GA laws?