I know I have to send him a letter of default or warning letter as the first step in an eventual foreclosure process.

This kind of rate hike would cause our governments debt service cost to increase dramatically, and put them at high default risk.

You hold liabilities if new owner defaults as was mentioned above.

Here is a link to the LLTA - https://housing.az.gov/sites/default/files/documents/files/Landlord-Tenant-Act-ADOH-Publication-July-2018.pdf

But didn't state what will be default.

Most of my workouts default.

However, reading the story of someone who didn't default and had their loan foreclosed...

I'd like to do this so that I'm safe from the seller defaulting on the loan & any other pit falls.

Disclaimer: I am not a lawyer but I am at a Holiday InnThe way I see this is that you're not increasing rent because they're defaulting on their renewal, so it is now a new M2M lease so you can do whatever you want.

What they are seeing in all of the contracts so far is that if a renter that the Prop Mgmt company places ever buys the house, then the PM company receives a full 6% commission since there is no buyer's agent and they are the default sellers agent.