BUT, to get anything in your favor may be extremely difficult, also depending your state statutes.A lease agreement does not have to be in writing to be effective (with some exceptions), so you offer the premises, the tenant accepts the offer by paying the rent, voila, valid legal contract.Problem here are the terms.

Should I take legal action?

In my experience, replacing a sewer line generally requires a permit, so this was probably a violation of the city/county building permit regulations.That said, it would likely be considered a material defect, and you would legally need to disclose it to a future buyer.

If you don't know what you are doing get legal help.Are you looking through a broker?

Im renting a house that was recently forclosed on..what is the legal time frame the new owners to give me to vacate..also is there a way i can sue the previous owner for not letting me lnow thw house was under foreclosure while i was renting the home.

If you have the deal under legal contract, you can either sell (assign) the contract (if you used the words "and/or assigns" in the offer (which is what most wholesalers do) or if you didn't use those words (like with Bank REOs, which won't let ya) you can do a double closing, which means you buy the house and then re-sell right away (within minutes).

If you hire a property manager (10% of rent), you're left with 3% of rent for maintenance/repairs/capital improvements/vacancies/legal fees/fines/nonpayment of rent/the list goes on & on.Stay away from condos if you can.

The secondary market limitation is by property, not by the number of loans, although fannie says it's the number of loans in the secondary but obtaining a blanket loan on 9 properties does not put you into a position of a small investor for underwriting purposes, 10 units, 10 roofs, 10 legal descriptions owned and financed by any means puts you in the RE investor category, need to live with it and get with a bank and begin setting up your portfolio as an investor in the RE business.

This can include a $5k processing fee and the rest set aside for required third party expenses (appraisal, environmental, and property condition report) and legal fees.  

You do not need to subdivide 40 acres or 10 acres off a larger parcel that leaves you with more than the minimum required for a legal plat or lot, not in Kansas.