What happens to the security deposit when the landlord transfers ownership of the unit?

When the landlord transfers the ownership of the unit by sale, death or otherwise, the landlord must transfer the security deposit to the landlord's successor and notify the tenant by mail of the transfer with the new landlord's name and address or return the security deposit less any lawful deduction to the tenant. If the landlord does either of these, the landlord no longer has any liability to the tenant for the return of the security deposit and the tenant can look only to the new landlord for a return of the deposit.

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1. What is a security deposit?
2. For what reasons may the landlord keep the security deposit?
3. How much is the security deposit?
4. Must the landlord hold the security deposit in a special account?
5. When is the tenant entitled to a return of the security deposit?
6. How can the tenant prove the condition of the unit?
7. What steps should the landlord take to keep or return the security deposit?
8. What if the landlord fails to return the deposit?
9. Can the tenant waive the security deposit laws?
10. How much time does a tenant have to bring an action for failure to return deposit?
11. What happens to the security deposit when the landlord transfers ownership of the unit?