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Connecticut Security Deposit Transfer Upon Sale of Rental

The Connecticut General Statutes Chapter 831 Section 47a-21 dictates how a tenant’s security deposit should be handled if a landlord sells his or her interest in a rental property also protects the tenant’s security deposit from creditors in the following manner:

Exempt from Landlord Creditors

Any security deposit paid by a tenant shall remain the property of such tenant in which the landlord shall have a security interest, as defined in subdivision (35) of subsection (b) of section 42a-1-201, to secure such tenant’s obligations. A security deposit shall be exempt from attachment and execution by the creditors of the landlord and shall not be considered part of the estate of the landlord in any legal proceeding.

Assignment of Security Deposit Interest

Any voluntary or involuntary transfer of a landlord’s interest in residential real property to a successor shall constitute an assignment to such successor of such landlord’s security interest in all security deposits paid by tenants of such transferred residential real property.

Conn. Gen. Stat. Title 47a Ch 831 Sec 47a-21.

See also Connecticut Laws for Returning a Security Deposit.

Return to Connecticut Landlord-Tenant Laws.