@Christina Potosnak Very interesting situation. Any updates? I have never thought about a situation like this before.
What does your lease say about the uses of the security deposit, home movement, and home sales? Did the old owner fulfill all of his obligations with his lease? At first glance it looks like you would be using the old owners funds to pay for the mistakes of the new owner, with whom you don't have a written contract; unless there is verbiage in your lease about transferring responsibility upon sale. Similar to when you buy a rental with a tenant in it, you need to adhere to that agreement until it expires. I don't know if that is the same here.
On the other hand, it is odd the old owner would sell the homes and not get cash from the buyer for the security deposit at closing.
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