When closing on a multifamily apartment, how are tenant deposits handled?

Good Afternoon All,I currently have a ratified contract for a 4 unit building. After getting under contract, it was brought to our attention after requesting copies of the leases that the current owner did not put the...

Just got my estopels from the duplex I'm closing on. The existing tenants are paying 650 (market is 900) and they have no security deposit or first month rent. They are month to month so I'm planning on emptying out...

If buyer backs out in a legal contract—-  Either with or without contingencies. My lawyer said the court will not support such non refundable amount no matter what.  H

We had a tenant just vacate without leaving a forwarding address. They also didn't even attempt to clean and have exhausted their security deposit to the extent that they owe us money. They owe $2500 more than their s...

So I am closing on a multi-family at the beginning of June and the place comes with an inherited tenant. Here are the facts:- Elmhurst neighborhood of Providence, Rhode Island.... I will be house hacking and it is sor...

Hello,I know it’s not a great idea to rent to friends but suppose I rent one of my apartments in a multifamily home to a good friend of mine without a security deposit and if other tenants get to know about it will th...

Hi guys,So I evicted couple of tenants for nonpayment and I have a question about returning security deposits.I bought this fourplex from a seller and he did not provide any move in inspections reports. Therefore, wil...

Are we as landlords allowed to request a security deposit from inherited tenants if the previous landlord did not collect it?

Hey all, my brother-in-law just let me know he and two friends gave a landlord a cash security deposit, and got a receipt but did not sign a lease. They had a verbal agreement to move in on the 1st of August, but the ...