704.35 Residential rental property in foreclosure. - Wisconsin Statutes

704.35

704.35 Residential rental property in foreclosure.

704.35(1)

(1) Duty of landlord to provide notice of foreclosure. If a foreclosure action has been commenced against residential rental property, during the pendency of the action and before the expiration of the redemption period, the owner of the property shall notify any prospective tenant in writing of all of the following:

704.35(1)(a)

(a) That a foreclosure action has been commenced against the rental property.

704.35(1)(b)

(b) If judgment has been entered, the date on which the redemption period expires.

704.35(2)

(2) Rental agreement must verify notice or is voidable. Any rental agreement entered into between the property owner and a tenant during the pendency of the foreclosure action and before the expiration of the redemption period shall include a separate written statement, signed by the tenant, that the owner has provided written notice as required under sub. (1). A rental agreement that does not include the statement signed by the tenant is voidable at the option of the tenant.

704.35(3)

(3) Tenant protections. The protections under s. 846.35 apply to a residential tenant if a foreclosure action is or has been commenced against the real property containing the dwelling unit occupied by the tenant.

704.35 - ANNOT.

History: 2009 a. 2.

704.35 - ANNOT.

Residential Tenants in Foreclosure Act: Protecting Tenants. Silverman. Wis. Law. Aug. 2009.