Updated over 16 years ago on . Most recent reply
Security Deposits for repairs?
There is probably an obvious answer to this question so I apologize, in advance, if I'm missing it.
When one buys an apartment building and the current tenants' security deposits are transfered to you as the new owner, can you use any portion of those for repairs, or emergencies, as long as you refund the other tenants deposit back to them as they move out?