Skip to content
Buying & Selling Real Estate

User Stats

1
Posts
0
Votes
Ian Evans
  • Investor
  • Harrisburg, PA
0
Votes |
1
Posts

Transferring Security Deposits at Closing

Ian Evans
  • Investor
  • Harrisburg, PA
Posted Jan 18 2018, 09:23

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.

Loading replies...