How much notice must a new owner give to a month-to-month tenant if they wish to vacate the property?

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Prepare for the Real Estate Financing and Settlement Exam. Study with flashcards and multiple-choice questions, each with hints and explanations. Get ready to pass your exam!

When a new owner wishes to terminate a month-to-month tenancy, the amount of notice required to vacate the property typically depends on state laws and regulations, which can vary. In many jurisdictions, a notice period of 30 days is standard; however, there are some specific circumstances or local laws that may require longer notice.

The correct answer regarding a notice period of 90 days would typically apply in certain areas where local ordinances or specific laws dictate that more time is required for tenants to adjust to their relocation. Factors influencing this could include the tenant's lease terms, local rent control laws, or the duration of the tenant's residency.

Overall, 90 days may be mandated in some regions to provide tenants with ample time to find alternative housing, thus promoting fair housing practices and tenant rights. It's crucial for both landlords and tenants to be aware of the specific laws in their area to ensure compliance.

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