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Updated over 5 years ago,
Confirming Security Deposits prior to closing
Thanks all for your help. I am doing due diligence on a multi-family property. Owner has provided copies of all the leases which shows the security deposits paid. I feel like I should have something from the tenants acknowledging their agreement that the security deposit is correct or maybe that the lease provided is accurate. Is there a specific process for doing this. Is this typically part of due diligence or just in the Purchase and Sale agreement and to be provided ahead of closing. It is a property with <15 units.
Thanks