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Security Deposit

Posted by Ed R. on August 28, 1999 at 22:10:11:

I am in the last few days of a lease in which I have paid the rent on time every month
etc. Now, my current landlord has sold the unit in which I live. The settlement is
scheduled to take place on the same day that my lease expires. Once the settlement
takes place and the sale is final, does the new owner have any claim to my security
deposit? Isn't the sec. dep. agreement between myself and my landlord only? The place I am
renting is not new, and I personally wouldn't have purchased it because it needs
some minor work here and there (paint, a new carpet, a newer garbage disposal, washer/dryer). These
are all pre-existing ( before my tenancy) problems. I am worried that the new buyer
will look at my security deposit as his own personal "repair" fund. If anyone could
shed some light on this subject I would appreciate it. Thanks.

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