FL S2242

Landlords must continue holding tenant security deposits and advance rent in the manner required by law after a foreclosure complaint is filed, and must disclose the foreclosure proceeding to prospective tenants before they sign a rental agreement.

A landlord's agent is not liable for failing to notify prospective tenants of a foreclosure unless the agent received notice of the foreclosure from the landlord.

Upon issuance of a certificate of title to a foreclosed residential property, the new owner may terminate an existing tenant's rental agreement with 90 days' written notice, unless the property will be sold to a buyer intending to occupy it as their primary residence.

The new owner must credit the tenant's account for any security deposit paid to the previous owner and for any advance rent covering the unexpired rental period, provided the tenant furnishes evidence of the amounts.

Exceptions to termination requirements apply if the mortgagor or their family member occupies the unit, if the rental agreement is not an arm's-length transaction, or if rent is substantially below fair market value (except for federally or state-subsidized housing).