Transfer of Ownership A landlord is required to turn over the security deposit, plus any interest when the deed is delivered or the new owner takes over the premises, or within 5 days after the transfer occurs, but before the tenancy has expired (NH RSA 540-A:6, III (a) (c)). It is recommended that the tenant appeal to the landlord informally by phone or in person to return the deposit. If you will not be refunding any or all the security deposit, you need to send a letter to your tenant’s new address explaining why, along with any remaining security deposit money. If you don’t return the security deposit within the allotted time for your state, or if you hold all or part of the security deposit without a letter, an itemized list, and receipts, your tenant could sue you. I wish you the best of luck for the future. If a tenant moves from one unit to another, you can transfer the security deposit from the old lease to the new lease.If your company is currently holding the security deposits on this property, this does not require taking any steps in the real world, but instead involves initiating "dummy" transactions to represent the transfer from the old lease to the new lease. The security deposit is money that belongs to the tenant but is held by the landlord to satisfy the obligations of the tenant under the lease. Transfer of security deposit to new owner form, Landlords often ask a new renter to pay 1 month’s rent beforehand and a deposit. All parties, including the tenant should sign their acknowledgement.. If you will be returning the entire security deposit, you can just send the money. A security deposit return letter is provided by the landlord when a tenant moves out. I would like to request your approval to allot to [new tenant name], the lease of your above- mentioned property dated [date of original lese], effective from [effective date of new tenant tenancy] for the rest of the term mentioned in the lease. same condition as when they moved in (minus normal wear and tear). Even if your landlord calls the money a deposit for cleaning, pets, or keys, or the last month's rent, the law considers it to be a security deposit. Security deposits are regulated by state law (RSA 540-A:5-8). In the refund, write a memo that says "transfer to Boston Proper Management." If you don’t do things by the book, your tenant could sue you for not following the security deposit rules for your state. In a commercial lease, security deposits are much less sacred and are regulated by the terms of the lease. Transfer security deposits by directly providing funds from the seller or their agent to the settlement agent. I am sending this letter more than 30 days in advance as agreed in my lease contract. Landlord, authorizing the security deposit to be transferred or issued in the name of the Tenant alone. It is understood by the undersigned that the balance of the Security deposit to be refunded will be Transferred to the account of the above mentioned “APARTMENT TO TRANSFER DEPOSIT TO” at the end of the lease of the “CURRENT APARTMENT NUMBER”. They are also used by the tenants to obtain security deposit from the landowner after vacating the premises. Damages existing in the apartment/house transfer with the deposit. If you will not be refunding any or all the security deposit, you need to send a letter to your tenant’s new address explaining why, along with any remaining security deposit money. 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