Conveying Security System

[Isaac Hayes]

I just closed on a property, and the seller let me know that a security system exists at the property. It sounds like the cost of this was billed to the seller, and the tenants were reimbursing the seller each month. However, the payment for the security deposit is not on the lease. The seller would like to transfer the security system to me. I would not like to take this system on, but it would be nice for the tenants to be able to use it. I'm concerned the security system company may bill to the property rather than the seller, which could cause an outstanding debt payment that I wouldn't know about.  A couple of options I've considered are:

1. Let the tenants know they can transfer the system into their name if they'd like

2. Do nothing

Has anybody had a similar situation? How did you handle it?