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Updated over 2 years ago,

User Stats

4
Posts
1
Votes
Ekaterina S.
1
Votes |
4
Posts

Property management company went bankrupt

Ekaterina S.
Posted

So my property management company filed for bankruptcy (Enhanced Property LLC, managed by Keeyana Garrett, there was a post from several landlords, who had properties with them). I had one property with them and they had a tenant's deposit (besides several months of rent and a reserve). I purchased this property from the person/company who also managed it. They transferred the deposit to the Enhanced Property LLC, which after a year of managing my property went under. So I never had that deposit, and now it's gone.

Am I legally responsible to give the tenant their deposit from my pocket when the time comes, or can I show them the bankruptcy papers that Enhanced Property/court sent me?

Will greatly appreciate your advice!

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