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General Landlording & Rental Properties
Account Closed
  • Rental Property Investor
  • New York
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Seller Returned Security Deposit to Tenants before Closing

Account Closed
  • Rental Property Investor
  • New York
Posted Apr 30 2019, 05:08

Our closing is scheduled for this week for a multi-family purchase, and we just found out that the seller returned the security deposits to the current tenants. We are inheriting the tenants in this purchase.

What recourse do we have to adjust for the now non-existent security deposits?

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Cross-posted from buying and selling forum

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