Bought Property with Existing Tenant am I responsible for deposit?

[Mark S.]

I recently purchased a property that was a short sale, and the purchase addendum stated two things: 1. that I allow existing tenants to remain in the property upon review of the existing lease, and 2. that the tenant's deposit and prorated rents would not be transfered. Now I am being told that this is the same as me assuming their lease and deposit? I don't believe so, but I would appreciate some feedback. Maybe I was just duped by the seller and I don't know it.