Reference no: EM133685527

Property Management Case Study Scenario: A landlord and a tenant agree to a 12-month rental lease agreement on the landlord's single-family residence. The tenant has been making payments on time to the landlord for the 6 months the resident has lived there, but the landlord has not been making the mortgage payments to the bank. The bank forecloses on the home on the 7th month and notifies the tenant they must leave in 3 days, even though they still have 5 months remaining on the lease. Describe the resources available to the tenant in this scenario. Include in your discussion any rights the tenant may have in addressing this violation with the landlord, including whether the bank must honor the remaining timeframe on the lease.

Summarize the main issue of the scenario, including a brief description of the key elements of the scenario that are potentially in violation of tenant acts and leasing laws. When discussing the associated tenant acts and leasing laws, consider any protected classes and rights of the tenants and be sure to provide a definition and example of the law or regulation. Your example must differ from the situation presented in your assigned case study scenario.

Identify and discuss the action steps that a property manager would take in the scenario to correct the violation that may have occurred. Additionally, provide a minimum of two resources to assist the client in the scenario.

Finally, be sure to address any questions presented in your specific scenario from the perspective of a property manager.