Existing Tenant Terminating Lease vs Signing with New Landlord
Just purchased an occupied triplex in Indianapolis, IN. One of the tenants is not going to renew her lease at the start of the month and as such, has not signed any paperwork with me. The former owner/landlord has not transferred me her security deposit and is the one she has the lease with.
In Indiana, if she moves out on the 1st as she says, am I still required to give her a security deposit back? Even though I never received one from the former landlord/owner.
Most Popular Reply
If you are owner at move out you are responsible. Unless prior manager will be your manager Security Deposit should always be transferred on closing statements