How Your Landlord's Bankruptcy or Property Sale Affects Your Deposit

Here's what happens to your deposit if your landlord goes bankrupt or sells your rental property,


 

If your building has been sold or the landlord has gone belly-up and declared bankruptcy, your security deposit should still be available to you (minus legitimate deductions for damage or unpaid rent) at the end of your tenancy. That’s the theory, at any rate. You may still have to take steps to retrieve your deposit.â

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