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Updated over 11 years ago,
Anyone Familiar with Leases and New Ownership of Leases?
I signed a lease with some scum bag who was behind on his payments with the bank so the bank appointed ownership of the property with a new owner who isn't on my lease. However the lease is now terminated and I am doing month to month with the current owner. I am now ready to move and give the owner the 30 days notice and they told me I need to consider my security deposit as a lost. Is it true that since a new lease was not constructed when they gained ownership of the property that they also are responsible to the lease agreement since a new one was NOT constructed. They were provided a copy of the lease as well. I don't even want the deposit back I just want to live out my security deposit for the month because I understand the deposit was not made to the now current owner. I'm being told I have to pay for the final month of staying there and I don't think its right or legal that I have to take a $2000 loss as a tenant. That money went somewhere. Please help.