Consumer Bankruptcy Law and Practice: 9.7.3.2.4 Leases involving residential property
Special problems are posed under the stay provisions in cases that involve leases of residential property.513 While it may be quite possible for a debtor to give a lessor adequate protection, perhaps in the form of a security deposit, it is usually difficult to argue that the debtor has equity in the leased premises unless the debtor has a long-term lease at a rate below current market values, or receives other benefits from remaining in possession, such as the special rights available in public housing or in a rent-control jurisdiction.