Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens to a security deposit when there is a change in ownership of a rented premises?

April 26, 2017deposit happens ownership premises rented security

0

0 Posted

What happens to a security deposit when there is a change in ownership of a rented premises?

1 Answer

0

0 Posted

The security deposit will be returned once the premises are approved and are left in the same condition as it was first rented. The new owner will be responsible for the security deposit.