North Dakota · N.D.C.C. §47-16-07.1North Dakota tenant security deposits when you sell a rental

North Dakota's deposit statute speaks directly to a sale. Upon a transfer in ownership of leased real property or a dwelling, the security deposit and accrued interest are transferred to the grantee of the lessor's interest; the grantor isn't relieved of liability until the deposit is transferred; and the holder of the lessor's interest when a lease ends is bound by the statute even though it wasn't the original lessor (N.D. Cent. Code §47-16-07.1(5)). The rules the buyer inherits: deposits are held in a federally insured interest-bearing savings or checking account for the tenant's benefit; a deposit may not exceed one month's rent, except up to two months in two listed cases, and a pet deposit is capped at the greater of $2,500 or two months' rent; within 30 days after the lease ends and the tenant delivers possession, the landlord mails or delivers an itemized statement with any refund, and interest isn't owed if the occupancy lasted less than nine months; withholding without reasonable justification brings treble damages (§47-16-07.1(1)–(4)).