Who is responsible for getting our $1100 security deposit back when we decide to end our lease?
May 28th, 2011 | 
Author: Our apartments have changed management companies since we have moved in and we have basically been told good luck getting it back. Landlord told us when we turned our keys in we would get a letter for the other company’s attorney to try and get our security deposit from them. Is this correct? Is that legal?
Posted in Landlord Tenant Law
Who did you give the deposit to? The landlord or the then management company? if the landlord, you sue him, if the management company, you sue the new one.
The new owners are responsible for any contractual obligations the old owners had with you, UNLESS a new agreement was signed between you and the new owners. Check your lease (read it) it should have a clause in there somewhere to deal with this. And security deposits are not automatically returned as you’ll see when you read the lease. But in the end you should end up with something back. Good luck.
The new management company is responsible for fulfilling the obligations of all leases that were in effect when the change happened. Therefore you should be getting your deposit back from the new management company.
All funds that were in possession of the previous management company should have been transferred to the new company, so the new company should have the deposit money that you paid to the old company.
If you left prior to your lease expiring you forfeited it.
If you left after the lease expired you get it back from the present management company. Who manages it, even who owns it, is not your concern, the present owner/management owes you the refund.
No, the old owners are supposed to give the money to the new owners to give back to tenants upon moving out. They were not supposeed to spend the money, although it seems like most of them do, but they are supposed to hold it in an account and pay the interest accumulated. At least in BC Canada where I live.
I misread your question a bit…the landlord is the one who is legally responsible to you…so sue him and he can in turn sue HIS management company to get it back.
Leases run with the property. So do the deposits. The NEW company is responsible to pay you your deposit.
At the settlement of the property, the new owners received the deposits. If they didn’t it was there fault.