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The security deposit what happens when a lease is transferred?

April 26, 2017deposit happens lease security transferred

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The security deposit what happens when a lease is transferred?

1 Answer

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10 Posted

As the security deposit has been paid by the lessee (seller) this could be used as an incentive to a buyer. Each Finance/Leasing Company has there own policy details on dealing with this situation when a transfer process arises, some may return to the lessee (seller), while other companies may allow the deposit to carry over to the new lessee (buyer).