24d (edited) • 🏘️ General discussion
Security deposits transfer?
As my mind runs through all these processes and I'm looking at a rent roll, I had a thought. It makes sense to me that the security deposits would transfer to new the ownership on a sale. After all I inherit the leases so that makes sense to me.
What is the best practice here?
How/When is that handled?
Im guessing in the closing transaction.
Would love to hear from the multifamily veterans on this.
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Security deposits transfer?
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