Fire property manager - lease still valid? (tenant, clause, management)
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I own a home in Wisconsin. A year ago, I hired a property management company that was awful. The manager rented the home to the world's worst tenants, who then skipped town on the rent. I (not the manager) found a new tenant who is wonderful. She signed a lease that the property manager created. It has the property management company's name on the lease, not mine. I want to get rid of the property manager now (I only have to give her 30 days notice). But is the lease the tenant signed still valid? Or does she need to sign a new lease with me?
There should be a clause in the lease addressing the issue. It should let the tenant know that if the property is sold or changes ownership by other means, or management changes that the lease is still in full force and effect. You need to send the tenant a letter explaining the change and inform the tenant where to now send the rent. I would also remind the tenant that the other articles of the lease remain in full force and effect until experation of the lease.
That's what I was thinking, that this should be addressed in the contract. As it is a contract, it needs to be changed in an amendment, or another contract written stating that the new one supercedes all others. I'd just have the tenant acknowledge a letter stating who to send the money to now.
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