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Updated over 5 years ago,
Security Deposit upon Acquisition
Quick Question - when you are buying an already rented/leased building (4-plex in this case), how do you think about the security deposit for the current tenants? Do you adjust your price accordingly?
For example using easy #s, if I'm considering offering $100K for a 4-plex and the 4 existing tenants have combined security deposits totaling $4k, should I offer $96k, making an allowance that I (as the future owner) will have this liability?
Thanks in advance forum geniuses!