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Updated over 7 years ago on . Most recent reply

Cassidy Burns's profile image
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Cassidy Burns
  • Investor
  • from Washington, DC
  • Member since Jul 31, 2016
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Cassidy Burns's profile image
Cassidy Burns's profile image
Cassidy Burns
  • Investor
  • from Washington, DC
  • Member since Jul 31, 2016
Connect
Cassidy Burns
  • Investor
  • Washington, DC
434
Votes |
775
Posts
Buying & Selling Real Estate

Inheriting Tenants Security Deposit

Cassidy Burns
  • Investor
  • Washington, DC
Posted

Hi BP,

Quick question, if you purchase a rental property and inherit 2 tenants, how is the security deposit handled?  Is the seller responsible for transferring the security deposit to the buyer or is the buyer now liable for that deposit for when they move out?

Thanks!

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