What happens to the security deposit if a Florida landlord sells the property?
Florida statutes typically give the landlord two options: transfer the deposit to the new owner with written notice to the tenant identifying the new holder, or return the deposit directly to the tenant minus any documented deductions. The landlord cannot simply pocket the deposit at sale; the deposit belongs to the tenant subject only to legitimate deductions at end of tenancy. The new owner takes over the obligation to return the deposit at move-out under the same statute (Fla. Stat. 83.49(3)), regardless of whether the prior owner forwarded it. Tenants should request a written confirmation from the new owner that the deposit has been received, and keep it with the lease records. If neither owner can produce the deposit at move-out, the tenant has a claim against both. Treble damages plus attorney fees if the court finds bad-faith withholding under Fla. Stat. 83.49(3)(c).
Source: Fla. Stat. 83.49(3)
This is an informational answer based on Fla. Stat. 83.49(3) as of early 2026. It is not legal advice. Housing law changes year to year and local ordinances (especially in rent-controlled or rent-stabilized cities) can override or add to state law. For contested cases, consult a Florida-licensed attorney.