According to Defendant, the nature of the assignment dictates the applicable statute of limitations: "the assignment would establish privity to the extent privity existed with the original lender." Reply Brief, ECF No. [22] at 11 (citing Paul v. Kanter, 172 So. 2d 26, 27 (Fla. 3d DCA 1965) ("[A]n assignee of the lease . . . was in privity of estate with the lessors.")); see also Marion Mortgage Co. v. Grennan, 143 So. 761, 764 (finding privity between the successive occupants and assignees of the property); Axiom Worldwide, Inc. v. Excite Med. Corp., 591 F. App'x 767, 772 (11th Cir. 2014) ("These 'relationships include, but are not limited to, preceding and succeeding owners of property, bailee and bailor, and assignee and assignor,' and are sometimes described as 'privity.'")
A security deposit is to be distinguished from both rents and charges in that title does not pass to money given over to the landlord by the tenant as a security deposit. Peterson v. Oklahoma City Housing Authority, supra; Householder v. Block, 62 So.2d 50-51 (Fla. 1952); Paul v. Kanter, 172 So.2d 26, 28 (3 D.C.A. Fla., 1965). It is not essential for a municipal housing authority to exact or impose and collect security deposits from its tenants in order to exercise its expressly granted powers to fix, collect, and regulate rents and charges, or to exercise any other power or perform any duty expressly provided for by any statute. Laws providing for fees or charges (and, analogously, 'rents' and 'charges' under Ch. 421, F. S.) are to be strictly construed.
In an assignment, privity of estate is created between the lessor and the assignee, Packard-Bamberger Co., Inc. v. Maloof, 83 N.J. Super. 273, 280 (Law Div. 1964), rev'd on other grounds 89 N.J. Super. 128 (App.Div. 1965), and, as a result, the assignee assumes the burden and accedes to the benefit of all real covenants. Paul v. Kanter, 172 So.2d 26, 27 (Fla.App. 1965); Rauch v. Circle Theater, 176 Ind. App. 130, 374 N.E.2d 546, 550 (1978). The assignee takes all that interest in the premises which his assignor had.