Bill > S931

This bill aims to prevent unnecessary vacancies in foreclosed homes by amending the existing Massachusetts law, Chapter 186A. The key provisions include: 1. Defining key terms such as "Entity," "Eviction," "Fair Market Rent," "Foreclosing Owner," "Foreclosure," "Foreclosure Sale Purchaser," "Housing Accommodation," "Institutional Mortgagee," "Just Cause," "Mortgagee," "Mortgage Servicer," and "Tenant." 2. Prohibiting foreclosure sale purchasers from evicting tenants except for "just cause" or unless a binding purchase and sale agreement has been executed for a bona fide third-party buyer. 3. Requiring foreclosure sale purchasers to post a written notice within 30 days of the foreclosure, providing contact information and the address to which rent or agreed-upon monthly rent payments or Fair Market Rent should be sent. 4. Defining the conditions under which "just cause" for eviction, such as failure to pay rent, material violation of tenancy obligations, or illegal use of the unit. 5. Establishing penalties for foreclosure sale purchasers who evict tenants in violation of the law, with a minimum fine of $5,000 payable to the tenant. 6. Amending related provisions in Chapter 186 of the General Laws to address the rights and obligations of tenants at sufferance. The overall aim of this bill is to protect tenants in foreclosed homes and prevent unnecessary vacancies, ensuring a stable living environment during the foreclosure process.

Justice

https://malegislature.gov/Bills/191/S931