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Updated over 7 years ago on . Most recent reply

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Ian Evans
  • Investor
  • Harrisburg, PA
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Transferring Security Deposits at Closing

Ian Evans
  • Investor
  • Harrisburg, PA
Posted

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.

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