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Re: Security Deposit

Posted by Mark Smith on August 28, 1999 at 23:19:22:

In Reply to: Security Deposit posted by Ed R. on August 28, 1999 at 22:10:11:

You don't say where you live, but in New York (and probably in most states and under most leases), the old landlord is supposed to transfer the security deposits to the new landlord.

The "defects" that you mentioned should be considered ordinary wear and tear, and the landlord should refund the full security deposit. It sounds like the new landlord bought a fixer-upper, probably at a good price. Like any landlord, he may try to take part or all of your security deposit.

Take pictures before you leave. If you leave before the last day of your lease, the old landlord should return your security deposit. But no matter when you leave, try to have the landlord walk through the apartment with you and give you a written report of the results of the walk through.

:
: 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.
: Ed


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