Security Deposit: What if seller doesn't have the tenant's security deposit?

[Dean Suzuki]

Hi,

I am negotiating on the purchase of a four-plex in Arizona. The seller just countered my purchase offer stating that they don't have any of the security deposits for the tenants in the four-plex.

I haven't received any of the leases yet so I don't know what this security deposit amount is.

Does anyone have suggestions on how I should respond? I am thinking that I could counter for a price reduction in the amount of the total security deposits. The seller's agent mentioned that they had multiple offers so I am concerned about pushing too hard on the counter. Or, I just could take over the burden of the security deposits.

Do you know if its possible to go back to the person/prior owner who the tenant signed the lease with to try to get the security deposits?

Any suggestions are appreciated.

Thanks.