For this reason, I don`t think the right way to invest these funds is to make a loan on the bill to the buyer. The surety`s money should not be part of the sale transaction. Sureties are not funds that belong to the seller`s buyer. Remove the billing statement from your purchase and verify it. The credit for the surety may have been buried in all settlement fees. You will be surprised to learn that you are responsible for the deposit to settle your accounts with your new tenants. If the buyer is not sure how the deposit was paid with the purchase, it is usually the agreement that took place Unfortunately, there are also many cases when the deposit is forgotten. In these cases, you can only hope to find the seller and convince him that he has these means. Then ask the former landlord to release them by reminding him that the money of the deposit belongs to the tenants. In the context of professional management, the first thing to check is the leases inherited from the buyer. In addition to scoring all the conditions, the professional management manages the guarantees. If you partner with your home manager before closing, you may be aware of other issues that may be important to your acquisition.

Sureties must be sent in cash or credit at closing. If not, you may be in a difficult position. Your new tenants have a legal justification to stick to you to pay and repay the balance of their deposit. Returning the tenant to the previous landlord simply because you didn`t post a deposit at the fence probably won`t bring a solution. Home managers should always keep bonds separate from rental funds. This reflects the fiduciary responsibility to the tenant…

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