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Old 05-29-2008, 10:02 PM
 
2 posts, read 4,198 times
Reputation: 10

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signed years lease first last n security....[pet deposit] ..with original landlord i still have copy of original lease ,ive been here for 5 years. new landlord took over 3 years ago ..peeps are telling me my deposits are gone..1st last and deposit are gone? please tell me this aint true.. im in florida.any help would be greatly appreciated ...
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Old 05-30-2008, 05:41 AM
 
Location: Pittsburgh, PA
1,303 posts, read 2,665,884 times
Reputation: 1131
Your best bet would be to contact your present landlord. Generally, when investment properties are sold, the security deposits (with interest) are forwarded to the new purchaser to hold with the terms of the lease. When I have purchased investment properties with current leases, I have spoken to the tenants about a total rewrite of the leases upon the transferred ownership. I have made it a stipulation in my purchase agreement that all security deposits be refunded. This protects all involved when the lease expires.

There are a fair number of real estate professionals on this board who will have had transactions involving security deposits. Hopefully, one will be lessen your concerns of losing this money. Good luck!
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Old 05-30-2008, 06:22 AM
 
2,143 posts, read 7,187,651 times
Reputation: 1138
Your contract is valid, and the new landlord purchased the property subject to your lease. Obviously, the first is gone. The last and security are still there. Not something you need to worry about.
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Old 05-30-2008, 01:58 PM
 
2 posts, read 4,198 times
Reputation: 10
Default new landlord bought aptments where did my deposits go

i like to thank retiredcoach and lilybeans.!! your reply has set my mine at ease.you helped clear things up aboutthe new landlord and my deposits.. thanks again..
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