Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Guillermo Lara gonzalez
  • Bakersfield, CA
0
Votes |
2
Posts

When buying a fully occupied property who pays back deposit?

Guillermo Lara gonzalez
  • Bakersfield, CA
Posted

Sorry if this is a newbie question but I’m looking into buying my first property soon and I was looking at some multi family properties and a thought hit me. When the property is fully rented and I buy it and a tenant is evicted who pays for their deposit they originally made? Would I, the new owner of the property have to be responsible for that or does the previous owner have to leave that with me once the property is sold? Thanks

Most Popular Reply

User Stats

60
Posts
47
Votes
Jessica Bridges
  • Tampa, Fl
47
Votes |
60
Posts
Jessica Bridges
  • Tampa, Fl
Replied

When you acquire a property, you should request the deposits be transferred to you at closing.  

Loading replies...