Transferring Security Deposits at Closing
Hello BP!
I have a question about transferring security deposits. I just closed on 2 units and I completely forgot to ask the owner to transfer the security deposits at the closing. We closed about a week ago and now I am trying to contact the owner to get the security deposits for the tenants occupying the 2 units I closed on.
*Did I need to have the transfer of the security deposits in writing in the Agreement of Sale?
*How does this procedure usually take place?
Any advice is much appreciated, thanks.