Deposit Question

I'm a lurker on this site and have an interesting question. I'm a renter that goes through a property management company. When I took this apt, I had to sign a form that my deposit was essentially "property" of the property owner, and the property management company was not "responsible" for it :-o . (She said this had been an issue in the past once where an Owner had somehow skipped out with the deposit)
BTW my check for the Deposit was made out to the Property Managemnet Company . Well, my place is currently on the market with the realtor showing a few times . My "what if "scenario is how do I guarentee my deposit will transfer to the new owner? Now I recently did meet the owner and I don't believe he would skip out. However I do think the whole thing is fishy with the Property Management Company- I don't get a real warm fuzzy from them anyway- I pay my rent on time - I don't call them -- and they don't call me - basically your average ideal tenant with a neurotic cat that uses the toilet( saves a hell of a lot on cat litter and cleaning :-D . So what do you think ?? any of you landlords do this with a property management Co??
I do plan on calling the Mangement Co. to ask about this. Seeing as my contract and my checks are written to them and not the owner- how "legal" is this? I'm thinking it wouldn't should it go before a court. [ Edited by eyeballing on Date 04/01/2004 ]