Any formal documentation required to tenants when selling rental?

[Tony Castronovo]

We are selling our SFR rentals and the tenants have all been aware. We are communicating with them of course. Is there particular/formal documentation we need to provide regarding the transfer of security deposits, rents, agreements, etc?

[Joe Splitrock]

I am not sure anything is legally required. I would notify them in writing that their security deposit and lease have been transferred to the new owner. Let them know the new owner will contact them for future rent payment. Wait until closing, just in case something falls through.