Obtaining Security Deposit From Seller

[Connor Kerr]

So I’m a week out from closing my first deal. One tenant wants to stay so we were trying to find out how much the security deposit was. The seller inherited the property from his father and he claims he never got the security deposit and he didn’t have a copy of the lease. We ended up obtaining a copy of the lease from the tenant and it clearly stated a security deposit of $545. So I need to know if I’m right here. Obviously a security deposit belongs to the tenant it came from. So whether or not the seller physically has the deposit, he still owes it to me at closing. Let me know what you think