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Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
18
Votes
Keith W.
  • Investor
  • Downingtown, PA
18
Votes |
18
Posts

Confirming Security Deposits prior to closing

Keith W.
  • Investor
  • Downingtown, PA
Posted

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

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