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if the building where you rent a unit is sold does the old owner or the new owner have to return your security deposit when you move well that was a question submitted by one of my viewers and thats the topic of this video hello again everyone im attorney robert flesses if this is the first time you viewed one of my videos now may be the time to subscribe that way youll know where to go to get answers to many of your legal questions well i received a question recently from a viewer who told me that a new owner purchased the building where he rented the new owner wanted to jack up his rent so the viewer decided to not renew his lease at the higher rate so he asks the new owner who has his security deposit the new owner told the viewer that he would have to go after the previous landlord to get it so this viewer asks is that true well heres the answer in most cases when a rental building is sold to a new owner as part of the transfer of money for the purchase security deposits for al