Letter to Tenant Accepting Lease
[Date]
[Name and address of tenant]
Re: Lease of [specify, e.g., apartment]
[Salutation]
Our law firm represents [name of foreclosure buyer] (the “new owner”), which has purchased at foreclosure sale on [date] the property located at [address] [include if applicable: and known as the [name of property]]. We have been informed that you are a tenant [include if applicable: of suite no. [number]] under a lease dated [date] providing for monthly rentals of $[amount] for a term expiring [date], with rent paid through [date], and that you deposited a deposit of $[amount] with the old owner as a security deposit but no other prepayments (such as last month’s rent). If this information is incorrect, please contact us.
Although the new owner did not receive the security deposit from the old owner or a turnover of the rent for the month of [specify], the new owner recognizes that you are a valuable tenant of the premises and wishes to recognize your lease of the premises. You will be entitled to a refund of the security deposit at the end of the lease term in accordance with the lease. Your next rent payment will be due on [date] and should be paid to the new owner at [address].
Thank you for your cooperation. You are valued as a good tenant [include if applicable: at the [name of property]]. If you have any questions, do not hesitate to contact us.
Sincerely yours,
[Name of attorney]
Attorney for [name of foreclosure buyer]
State Bar No.:
[Email address]
[Address]
[Telephone]
[Telecopier]