Cal. Civ. Code § 55.1-1317
Transfer of deposits upon purchase.
Operative Text
The manufactured home park owner shall transfer any security deposits and any accrued interest on the deposits in his possession to the new manufactured home park owner at the time of the transfer of the rental property. If the current manufactured home park owner has entered into a written property management agreement with a managing agent in accordance with the provisions of subsection E of § 54.1-2135 , the current manufactured home park owner shall give written notice to the managing agent requesting payment of such security deposits to the current manufactured home park owner prior to settlement with the new manufactured home park owner. Upon receipt of the written notice, the managing agent shall transfer the security deposits to the current manufactured home park owner and provide written notice to each tenant that his security deposit has been transferred to the new manufactured home park owner in accordance with this section.
Virginia Code § 55.1-1317 governs what happens to tenant security deposits when a manufactured home park is sold. The outgoing park owner is required to pass along all security deposits and any accrued interest to the incoming owner at the time of the property transfer. If a managing agent holds the deposits under a written property management agreement, a specific notice-and-transfer process must be followed, and tenants must receive written notice confirming that their deposits have been transferred to the new owner.
Plain English — not legal advice.
Under Va. Code § 55.1-1317, a manufactured home park owner who is selling the property is generally expected to ensure that all security deposits and accrued interest are transferred to the new owner at closing. If a managing agent holds the deposits, the outgoing owner typically sends written notice to that agent requesting the funds before settlement, and the agent then transfers the deposits and notifies each affected tenant in writing. Compliant operators document each step of this process to create a clear record of the transfer.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Va. Code § 55.1-1317 gives manufactured home park tenants the right to receive written notice when their security deposit is transferred to a new park owner as part of a sale. If a tenant does not receive such notice or has concerns that their deposit was not properly transferred, they may raise this as a potential violation when communicating with the new owner or a relevant housing authority. Tenants who believe their deposit rights have not been honored can also consult a tenant-rights organization or seek guidance from Virginia's housing resources for information on available remedies.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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