| Yes, when someone purchases a rental property they purchase the leases as well. Since you have a month to month lease that remains in force.
However, a security deposit is meant to serve as security that the tenant doesn't move out leaving damage to the unit and/or unpaid rent. I doubt if the new owner can appropriate any part of those funds while the lease is still in force. If they attempt to, they need to provide an itemized list of the charges.
Since you didn't indicate where you live, we can't check specific laws for your area. But there are "sticky" notes at the top of this forum that contain links to US state laws. |