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Updated over 3 years ago,
Damages incurred during buying process
Hi All I was looking to get some insight on my situation. I had an executed contract to buy a triplex on May22, 2020 and did not close on the property until October 2, 2020 due to the seller refinancing. Inspections were completed on May 27th. Also of importance is that the seller passed on the security deposits of current tenants to me at closing.
I know that in Florida once a contract is executed any damages that occur to the property before closing are the responsibility of the buyer and this is why we buy insurance during this period. However, it is Not clear to me what happens to damages incurred during this time frame that are from the tenants. So far as I am told the tenant broke the soap dish tray off of the tiled shower wall and notified the seller in June 2020. She claims he did not fix the issue which has now propagated into a moisture and mold issue. I was never notified of this issue by the seller and the tenants didn't mention it until the day she moved out. Is it reasonable to deduct the cost of repairing the drywall and tile from the security deposit I received?
Best,
Chad