Legal Question in Landlord & Tenant Law in New Jersey

I am a tenant whose bldg. i currently am residing in was in foreclosure. In June 2009, the bldg. was brought by currently owners. The new landord renovated the vacant apts only and is willing to put me in one of the vacant apts. I wanted to know do I have to pay another security deposit for the transfer between apts? Also i was told that i am out original deposit b/c of the bldg. being in foreclosure and the new landlord buying the bldg. Is this true? Thank you very much!


Asked on 9/28/09, 7:00 pm

1 Answer from Attorneys
Gary Moore Gary Moore Attorney At Law

A new owner who bought the property in a deal with the prior owner would have been given your deposit. Your situation is that the prior owner's interest in the property was extinguished by the

foreclosure action. The new owner does not have your security deposit; the prior owner does.

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Answered on 10/04/09, 12:55 pm


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