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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>In our scenario, none of the tenants were names as defendants, but all leases were either entered into after the mortgage or were self-subordinating to any mortgage placed on the property<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> landten-bounces@lists.flabarrpptl.org [mailto:landten-bounces@lists.flabarrpptl.org] <b>On Behalf Of </b>James Glover<br><b>Sent:</b> Thursday, July 09, 2015 2:37 PM<br><b>To:</b> RPPTL Landlord Tenant Committee<br><b>Subject:</b> Re: [RPPTL LandTen] Effect of Foreclosure of Commercial Property on Leases<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>We had a recent appeal on a similar issue, and we cited to these cases. Unfortunately, neither directly supports your client's argument. <o:p></o:p></p><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>Redding v. Stockton, Whatley, Davin & Co., 488 So. 2d 548, 549 (Fla. 5th DCA 1986), cause dism’d, 492 So. 2d 1334 (Fla. 1986)<o:p></o:p></p></div><div><p class=MsoNormal>Riley v. Grissett, 556 So. 2d 473, 475-76 (Fla. 1st DCA 1990) <o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>If the tenant is joined as a defendant in the foreclosure and is foreclosed in the judgment, then his/her tenancy is terminated once the foreclosure sale occurs. However, (as appeared in our case) if the tenant is not joined in the foreclosure, then their tenancy survives the foreclosure, unless other equitable factors come into play (<i>Riley</i>).<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>Hope this helps. <o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>Sincerely, <o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>James<o:p></o:p></p></div></div><div><p class=MsoNormal><br clear=all><o:p></o:p></p><div><div><div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666'>--</span></b><o:p></o:p></p></div><div><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666'>James Glover</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><o:p></o:p></span></p><div><div><div><div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#888888'>c: 954.254.0436<o:p></o:p></span></p></div></div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#888888'><o:p> </o:p></span></p></div></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#888888'>e: <a href="mailto:GloverJamesR@gmail.com" target="_blank"><span style='color:#1155CC'>GloverJamesR@gmail.com</span></a><o:p></o:p></span></p></div></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#888888'><a href="http://www.linkedin.com/pub/james-glover/21/53/739" target="_blank">Linked-In</a><o:p></o:p></span></p></div></div></div></div></div><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>On Thu, Jul 9, 2015 at 2:33 PM, Manuel Farach <<a href="mailto:MFarach@richmangreer.com" target="_blank">MFarach@richmangreer.com</a>> wrote:<o:p></o:p></p><div><div><p class=MsoNormal>Les,<o:p></o:p></p></div><div><p class=MsoNormal>I haven't seen any cases overturning that general principle. Specific facts in individual cases may, however, lead to a different result <br><br>Sent from my iPhone<o:p></o:p></p></div><div><p class=MsoNormal style='margin-bottom:12.0pt'><br>On Jul 9, 2015, at 10:38 AM, lesstevens <<a href="mailto:lesstevens@earthlink.net" target="_blank">lesstevens@earthlink.net</a>> wrote:<o:p></o:p></p></div><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Has anyone heard of any recent cases which would overturn the premise that upon foreclosure of a commercial mortgage, absent an SNDA or self-subordination language, a commercial lease is terminated and becomes month-to-month or tenant at sufferance?<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> <o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Arial","sans-serif"'>Les H. Stevens, Esquire<br>Les H. Stevens, P.A.<br>5301 North Federal Highway<br>Suite 130<br>Boca Raton, Florida 33487<br>Tel. - <a href="tel:%28561%29%20989-9797" target="_blank">(561) 989-9797</a><br>Fax - <a href="tel:%28561%29%20989-8484" target="_blank">(561) 989-8484</a><br>E-Mail - <a href="mailto:lesstevens@earthlink.net" target="_blank">lesstevens@earthlink.net</a></span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Arial","sans-serif"'> </span><o:p></o:p></p></div></div></blockquote><div class=MsoNormal align=center style='text-align:center'><hr size=2 width="100%" align=center></div><p><img border=0 width=255 height=84 id="_x0000_i1026" src="cid:image001.gif@01D0BA55.A8B36520"><o:p></o:p></p><p><span style='color:black'>Manuel Farach / Of Counsel - Board Certified in Real Estate Law and Business Litigation by The Florida Bar</span><o:p></o:p></p><p><span style='color:black'>Richman Greer P.A.<br>One Clearlake Centre<br>Suite 1504<br>250 Australian Avenue South</span><br><span style='color:black'>West Palm Beach, Florida 33401</span><br><span style='color:black'>Office: <a href="tel:561.803.3500" target="_blank">561.803.3500</a></span><br><span style='color:black'>Fax: <a href="tel:561.820.1608" target="_blank">561.820.1608</a></span><br><span style='color:black'>Direct: <a href="tel:561.803.3501" target="_blank">561.803.3501</a></span><br><span style='color:black'>Email: <a href="mailto:MFarach@richmangreer.com" target="_blank">MFarach@richmangreer.com</a></span><br><span style='color:black'><a href="http://richmangreer.com/uploads/vcards/VcardFarach.vcf" target="_blank">V-card</a></span><o:p></o:p></p><p><a href="http://www.RichmanGreer.com" target="_blank">www.RichmanGreer.com</a><o:p></o:p></p><p><span style='font-size:10.0pt;color:#7F7F7F'>U.S. Treasury Regulation Circular 230 requires us to advise you that written communications issued by us are not intended to be and cannot be relied upon to avoid penalties that may be imposed by the Internal Revenue Service.</span><o:p></o:p></p><p style='margin-bottom:12.0pt'><span style='font-size:10.0pt;color:#7F7F7F'>Incoming emails are filtered which may delay receipt. 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