Do Security Deposits Transfer to New Buyer?

[Matt Brooks]

I am working to put together a contract to purchase a triplex unit in TX. It is a nice deal but Seller has thrown a curve ball at last minute.

The seller is telling me she will not be transferring security deposits to me because these are considered last months rent.

This is my first rental property but I thought legally the Seller has to transfer security deposits being this is actually property of tenants.

How should I proceed or not proceed? Thanks for any advice!