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Updated over 11 years ago,
Who gets past due rent the seller or the buyer?
I recently bought some properties that have tenants who owed the seller. I assumed that after the transaction, that money was lost to the seller or at least any money I collected would go to me first and any additional could go for back rent. The realtor and seller are telling me that any money I collect now that I am the new owner must first go to the seller for his back rent. Is this really true?