FL S0586

Purchaser of foreclosed residential property may not take possession until 30 days after written notice to tenant via first-class mail stating the dwelling has been sold.

Clerk of court cannot issue writ of possession unless purchaser submits proof of tenant notice to the clerk.

Tenant may terminate lease within 7 days of receiving notice of the foreclosure sale.

Landlord must hold security deposits and advance rents in interest-bearing accounts once foreclosure complaint is served, and must disclose pending foreclosure in writing to prospective tenants before executing rental agreements.

Foreclosure purchaser must credit tenant's account for any security deposits and advance rents for unexpired rental periods if landlord failed to properly hold such funds.