Sears is struggling. The company's CEO told investors that he has doubts the company can survive.
Bill requiring landlords to disclose foreclosures advances
Arizona landlords may soon have to tell tenants when their property enters foreclosure. The state Senate gave approval Thursday to a bill requiring the notifications. The bill amends the Arizona Residential Landlord and Tenant Act to mandate the owner provide written notification to tenants within five business days of receiving a notice of foreclosure.
The law previously only required notice if a provision was in the lease. The bill is sponsored by Rep. Steve Smith of Maricopa. He said renters complained landlords gave them no warning before they were told they must move because of a foreclosure.
The House voted 54-2 to pass the bill last month. The bill passed the Senate on a 28-0 vote. It now goes to Gov. Jan Brewer's desk for her consideration.