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Updated over 7 years ago,

Paul Stout's profile image
Paul Stout's profile image
Paul Stout
  • Mobile Home Park Investor / Licensed Indiana Real Estate Broker
  • from Chicago Area, Illinois
  • Member since Aug 20, 2015
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User Stats

262
Posts
135
Votes
Paul Stout's profile image
Paul Stout's profile image
Paul Stout
  • Mobile Home Park Investor / Licensed Indiana Real Estate Broker
  • from Chicago Area, Illinois
  • Member since Aug 20, 2015
Connect
Paul Stout
  • Mobile Home Park Investor / Licensed Indiana Real Estate Broker
  • Chicago Area, IL
135
Votes |
262
Posts
General Landlording & Rental Properties

What Happens to the Security Deposit at Sale?

Paul Stout
  • Mobile Home Park Investor / Licensed Indiana Real Estate Broker
  • Chicago Area, IL
Posted

What happens to the tenants security deposit if I purchase a multi family building with tenants already in it.  Do I get those from the previous owner?  Do I have to factor that in as a cost of purchase?  Is there a standard or is it whatever I can negotiate?

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