Who gets my security deposit if the landlord sells the building?
The return of your security deposit becomes the obligation of the new landlord at the time of sale, regardless of whether the building’s security deposits were actually transferred between landlords. If the landlord sells the building, you must be told in writing the name, business address and telephone number of the new landlord who will be responsible for your security deposit. If the old landlord does not provide this information, the old landlord can also be held responsible for your security deposit. In most cases, the new landlord will have an incentive to provide this information immediately. Without this information, you will be unable to pay him the rent.
