Q: Can a landlord keep a security deposit if they decide to sell the property before the term is up?
We did not want to purchase his property so we gave him 60 day notice to look for our own place to buy. He said we broke the lease even though he wanted to close before the holidays. We still had nine months on our year lease. We left the place in immaculate condition.
A: The answer to your question depends on a number of factors that are not provided here, such as the precise terms of the lease, and local laws regulating security deposits. I would recommend organizing all information relevant to this situation, including your lease and all communications with your landlord, and consulting with an attorney individually.
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