Can a new owner discontinue such amenities as storage bins, parking spaces, laundry facilities and the like?
Portman says a new owner must continue to provide the amenities that were in place when the tenants rented their apartments because the tenants are renting an entire package that includes an apartment and the building services. 5. Is a new owner responsible for existing tenants’ security deposits? Yes. “As a new owner, you should get those deposits transferred to you because if even if you don’t, you still will have to refund those deposits [when each tenant vacates his or her apartment]. In most states, the tenant will be entitled to demand [the deposit] from you, and you’re out of luck if you didn’t get [those deposits] from the seller,” Portman warns.
