The author posted a question in Legal Advice
Please tell me: The land on which the house is located was bought at auction by an investment company under? and got a better answer
Response from
If they own the apartment, you have to sign a contract with them stipulating the parameters of the apartment you want to replace, in fact it's either a sale or exchange. It is better that the apartment to be provided was not less than the old one. This is necessary if there are minors living in the apartment, as well as if the eviction will be decided in court. If they live in an apartment under a lease, the area of the rented apartment should be calculated based on the social norm, adopted in the subject or municipality. But the question is not simple and if you have no experience in such cases, it is better to consult an experienced lawyer?
If they own the apartment, you have to sign a contract with them in which to stipulate the parameters of the replacement apartment is actually a sale or exchange. It is better that the apartment to be provided was not less than the old one. This is necessary if there are minors living in the apartment, as well as in case the question of eviction will have to be resolved in court. If they live in an apartment under a lease agreement, the area of the replaced apartment should be calculated based on the social norms adopted in the region or municipality. But the issue is not simple and if you have no experience in such cases is better to consult an experienced lawyer.