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Updated over 7 years ago on . Most recent reply

Security deposit for Inherited Tenant
Hi,
I was wondering what the process is when you buy a property with tenants already in the property.
When the property is sold to you, do you also inherit the security deposit the tenants deposited? or is that not the case?
Thank you!
Most Popular Reply

Yes, you need to make sure you get the security deposit in the transfer of ownership.