Security Deposit Transfer
I bought a house in GA in Dec 04 that had tenants already. The tenants lease runs out at end of Feb 05. I told the previous owner I bought from that I needed the security deposit of $850 transfered to me. It's stated in my purchase contract that this should take place. She has not responded to my request to transfer the money. Does anyone know what legal recourse I might have in this situation? Anybody ever faced this before?
Thanks,
somoose
Probably very slim chance of getting that. You should always get that BEFORE you close on a property.
[addsig]
In my experience, the security deposits for existing tenants taht I am acquiring gets transferred at closing. This should have taken place. If it didn't, I don't think you'll have an easy time getting it now. But you still are responsible to get that money to the tenant if he/she moves out. Keep this in mind.
Good Luck!
[addsig]