My question involves landlord-tenant law in the State of: New Jersey
I started a thread on a security deposit but there has been a development and I thought it would be best to start a new thread.
When an seller sells their residential building, along with the building, the seller has to transfer the security deposits to the buyer. The buyer is required to set up accounts for the security deposit. Now does the interest for the security that was accumulated when it was in the seller's hands carry over to the buyer? Or are they straight security deposits?
I started a thread on a security deposit but there has been a development and I thought it would be best to start a new thread.
When an seller sells their residential building, along with the building, the seller has to transfer the security deposits to the buyer. The buyer is required to set up accounts for the security deposit. Now does the interest for the security that was accumulated when it was in the seller's hands carry over to the buyer? Or are they straight security deposits?
Change of Ownership: Does Interest on a Security Deposit Carry Over when a Building is Sold
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