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Current as of January 01, 2025 | Updated by Findlaw Staff
Upon the foreclosure of a mortgage or lien of residential real property, any money or other valuable consideration offered by a mortgagee, lienholder or other successor in interest to a tenant in possession as an incentive to vacate the premises shall be at least equal in amount or value to the greater of (1) the security deposit and interest that would be due such tenant pursuant to chapter 831 1 upon the termination of the tenancy plus any such security deposit and interest, (2) two months' rent, or (3) two thousand dollars. No mortgagee, lienholder or other successor in interest may require a tenant in possession, as a condition of the receipt of such money or other valuable consideration, to waive or forfeit any rights or remedies such tenant may have under law against such mortgagee, lienholder or successor in interest other than the right to bring an action to reclaim the security deposit and interest that would be due such tenant.
Cite this article: FindLaw.com - Connecticut General Statutes Title 47A. Landlord and Tenant § 47a-20f. Offer of incentive to tenant in foreclosed property to vacate - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-47a-landlord-and-tenant/ct-gen-st-sect-47a-20f/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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