A sale does not by itself end the lease or require the tenant to move. Under KRS 383.100, Kentucky allows the sale without the tenant’s consent, and the buyer takes over as landlord. A tenant who pays rent to the former owner before receiving notice of the sale is not liable to pay that rent again. Tell each tenant in writing who the new owner is and where rent should go.
Kentucky has no statewide rule for moving a security deposit when a rental is sold. In cities and counties that adopted Kentucky’s version of the Uniform Residential Landlord and Tenant Act, deposits must be kept in a separate bank account under KRS 383.500 and KRS 383.580. In a place covered by the Act, a seller who sells in good faith is relieved of liability only for events after the tenant receives written notice of the sale under KRS 383.600. The local adoption question matters; do not assume the same deposit rule applies everywhere in Kentucky.
For a clear handoff, reconcile the deposit balance and any prorated rent with the buyer at closing, then tell each tenant in writing who now holds the deposit and where rent should be paid. The sale itself does not set a move-out date; any separate possession plan still has to account for the lease.