Q: If a landlord sells a property, and the tenant is allowed to stay, can they collect their original security deposit?
I purchased a home in NC from a property management company. The house is rented and I’m allowing the tenant to stay. She informed me that the previous landlord will not return her security deposit. She is elderly and doesn’t seem able to navigate this issue herself. I’d like to know what rights she has to collect her original security deposit.
The security deposit should have followed the lease, and since you purchased it subject to the lease then they should have transferred it to you. I would pursue it with the management company and demand that they turn over the deposit to you.
Even if that is not the case they have 30 days from the end of their lease to give written notice of why they are keeping the security deposit.
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