We didn't knew that the property that we were renting was mortgaged to a bank. It was only recently when the owner called that the bank would be conducting an inspection on the property that I found out it was mortgaged. Although it is very unlikely that the property might be foreclosed in the near future (the owner is very very rich). I just wanted to know if banks will honor the existing contracts of lease on properties that they foreclose, so that I'll know if we should make any more improvements on the property or not.