# Deposit transfer

A term used when buying mobile home park.

The move of residents' held deposits from the seller's account to the buyer's, at the same moment.

This is the clearest case on the shelf of money a buyer can inherit without receiving. Washington requires deposits to sit in a dedicated trust account, and when the landlord changes, the sums in that account transfer to the successor's equivalent account at the same moment, with the residents notified of the new depository. The residents' claim outranks every creditor of the seller, a trustee in bankruptcy included, even where the money was commingled. Since May 7, 2025, new agreements also cap move-in fees and deposits together at one month's rent, or two with pets. So a credit for deposits on the settlement statement is not the same thing as a transferred balance: taking the first buys the liability without the cash.

Part of: Buying a Mobile Home Park (https://searchspheresource.com/guides/buying-a-mobile-home-park)

Source: https://searchspheresource.com/guides/buying-a-mobile-home-park/terms/deposit-transfer
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt