New Jersey Notice to Residential Tenants of Rights During Foreclosure — Appendix XII-K is a document issued by the New Jersey Department of Community Affairs (NJ DCA) to inform tenants of their rights during foreclosure proceedings. The notice is divided into two types: (1) Foreclosure of Owner-Occupied Property and (2) Foreclosure of Nonowner-Occupied Property. The Foreclosure of Owner-Occupied Property notice outlines the rights of tenants living in a property being foreclosed on by its owner. It informs tenants of their rights to remain in the property until either the foreclosure is completed or the tenant receives a formal eviction notice. The notice also outlines the tenant's rights to receive a written notice of any changes to their rental agreement, and the right to receive a refund of any prepaid rent or security deposit if the tenant is evicted due to foreclosure. The Foreclosure of Nonowner-Occupied Property notice outlines the rights of tenants living in a property being foreclosed on by a third party. It informs tenants of their right to remain in the property until either the foreclosure is completed or the tenant receives a formal eviction notice. The notice also outlines the tenant's rights to receive written notice of any changes to their rental agreement, and the right to receive a refund of prepaid rent or security deposit if the tenant is evicted due to foreclosure. Both notices also provide tenants with contact information for the NJ DCA, should they have any questions or concerns regarding their rights during the foreclosure process.
New Jersey Notice to Residential Tenants of Rights During Foreclosure - Appendix XII-K
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