Closing on Rental Property

[Taylor Cook]

Hi there! Closing on a rental property on Thursday and the settlement statement shows that rents and security deposits are a debit to the seller and a credit to me. I am the agent for the seller as it is my parents, and we are purchasing. 

Does this mean that we will just pay less at closing and not get the physical security deposits? Kinda confused. I thought security deposits had to be retained on hand.