Answers general questions about residential real estate in Florida. More specific answers for the southwest area of Florida - Naples, Bonita Springs, and Estero Florida - Collier and Lee Counties. Will not answer any questions about commercial real estate or business brokerage.
Experience
Experience in the area: I have held a Florida real estate license since 1995 and Florida mortgage broker license since 1996. I have specializes in the residential real estate market as a full-time REALTOR since 1996. Currently a member of the Legal Resources Committee of the Naples Area Board of Realtors.
Organizations Naples Area Board of Realtors, Lake Placid Board of Realtors, Florida Association of Realtors, National Association of Realtors
Publications Have been interviewed by the local NBC, ABC, and FOX affiliates about correcting erroneous information on credit reports, local real estate market conditions, and foreclosures. Glenn authors Naples Real Estate Blog
Education/Credentials Bachelor of Science Degree in Accounting from Bentley College, Waltham, Mass.
Post graduate courses at Nova University.
Awards and Honors 2007 Best in Client Satisfaction - Real Estate Agent by Gulfshore Magazine.
2006 Best in Client Satisfaction - Real Estate Agent by Gulfshore Magazine.
Question We are renting a home in Lee County, Florida. We recently learned the Landlord has a second home rider on their home mortgage stating they can not rent or lease their home out. Does this jeopardize our Tenant status or make our lease illegal or at least invalid? If so, what steps should we take? The home is being managed by a rental company. Thank you for your time.
Answer Francesca,
Thank you for your question.
An interesting item you noted was that the home is being managed by a rental company. Some rental companies have specific lease agreements drawn up by an attorney. Since I do not know what clauses the attorney used, it is difficult or impossible to determine an answer to your question.
I would like to point out to you something many renters are not aware of in today's real estate market. If the property owner is not paying the lender, the property will be foreclosed. If the property should be foreclosed, you may be asked to vacate the property by the lender. This is not the case when a property is sold - the lease agreement remains in effect.
