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Updated over 4 years ago,

User Stats

14
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0
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Kevin Bevillard
  • New to Real Estate
  • Athens, GA
0
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14
Posts

Security Deposits when Inheriting Tenant

Kevin Bevillard
  • New to Real Estate
  • Athens, GA
Posted

Hi BP community, 

I am about to go (hopefully) under contract on a duplex in GA with a tenant in each side of the property. Both tenants will be there on the closing date (one is month to month and will be given 60 day notice to vacate), but the current seller wants to take a few hundred dollars out of the security deposit for some late rent on the month to month tenant. Under GA law is this allowed if the seller is not seeing the tenants stay to through the end? How do I go about inheriting the rest of the security deposit and other tenants full security deposit?

This is going to be my first property (again, hopefully).

Thanks!

Kevin Bevillard

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