Q: What is the law for security deposits where there is no lease with a landlord who bought the property
If you had a lease with the former landlord that expired after the property was sold to a new landlord that you didn't sign a lease with. But the new landlord was given the security deposit that you had given the former landlord. But you stayed and just continued paying rent month to month without a lease.
A: If the new landlord took possession of your security deposit and continued to accept payment for rent, they effectively assumed responsibility for your lease agreement. If you are seeking the return of the security deposit they are most likely responsible for returning it minus any damages beyond ordinary wear and tear.
If your landlord is not following Indiana law regarding security deposits you should consult with a landlord tenant attorney in your area.
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