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Updated almost 8 years ago on . Most recent reply presented by

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54
Posts
18
Votes
Bilal A.
  • Investor
  • Minnetonka, MN
18
Votes |
54
Posts

Security deposit and Pro rated rent

Bilal A.
  • Investor
  • Minnetonka, MN
Posted

When buying a rental property, do you put a clause in the contract that collected rents will be given to the buyer at closing in a pro-rates fashion? Also, what about security deposits? Or is this part of the usual closing process like getting keys to the property? Is the seller legally obligated to turn over such funds to the buyer? Thanks

Bilal

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