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I'm a tenant. The property management called me and said that in 30 days they will no longer be managing the rental home I'm in due to the owners decision to part ways. The PM said that the owner is demanding that they get to keep the security deposit from previous tenant and from me. I personally know that is illegal on the owners behalf. To avoid the conflict am I able to terminate my lease that I signed with the PM early without penalty? Is the land lord required to write a new lease for me to sign?
The PM is being fired and, apparently, trying to cause problems for the owners. Contact the owners directly to find out what's going on and how it might impact you. As stated above, the PM acts on behalf of the owner. PMs can come and go but the owners are the landlords.
The Pm i hired rented my property without informing my via email or certified mail which was in our contract that they have to inform me with the propose increase etc.And the worst is they did not increase the rent so for 2.5 years the guy is paying same amount.By the way the property is in San diego which is renting is so high.Now i check my contract between them and me and the contract i have with the PM ended last feb 2017.So now i wanna fire them for breaching the contract of leasing the property without letting me know via email or cert mail.Now should i make a new contract with the tenant?Or I will just continue the contract the tenant signed with the PM?The property management already agreed that Im taking over the management of my house but I am just concern about this contract with the tenant.Please give some knowledgeable advice.Thanks.
The Pm i hired rented my property...
the contract i have with the PM ended last feb 2017.So now i wanna fire them ...
I will just continue the contract the tenant signed...
Please give some knowledgeable advice.Thanks.
Drop by and talk to YOUR tenant.
Explain the change and offer them the choice to continue until the lease end date
or change to a M2M agreement now ...and ten days to decide which.
You can speak to the current tenants and see if they would agree to a new agreement. However, if they have a current lease, they are not obligated to sign a new one and you must honor what they have. CA courts have taken a dim view of new leases while an existing lease is valid where deception was involved. So, you can talk to them and come to a understanding, but you must clearly let them know they are under no obligation to sign anything new and what they have is still good until it ends.
I have just inherited a Fourplex rental property. The property manager worked for my grandparents for over 25 years. He has not maintained the property. There are several issues that could cause me great liability by his disregard of necessary repairs. The manager never raised the rent on these units so they are about $1000 under the average rent for same size/quality rentals in the area.
Am I able to fire him for his negligence or do I need to honor a 30-90 day notice to terminate his service?
I have just inherited a Fourplex rental property. The property manager worked for my grandparents for over 25 years. He has not maintained the property. There are several issues that could cause me great liability by his disregard of necessary repairs. The manager never raised the rent on these units so they are about $1000 under the average rent for same size/quality rentals in the area.
Am I able to fire him for his negligence or do I need to honor a 30-90 day notice to terminate his service?
Read the contract and abide by it. If you don’t see a way in the contract to get rid of him right away, give the notice. Although if the property changed hands, I would assume that you’re able to renegotiate any existing contracts (aside from the leases themselves - those typically transfer to the new owner but you’ll need to give a new lease at renewal time).
I have just inherited a Fourplex rental property. The property manager worked for my grandparents for over 25 years. He has not maintained the property. There are several issues that could cause me great liability by his disregard of necessary repairs. The manager never raised the rent on these units so they are about $1000 under the average rent for same size/quality rentals in the area.
Am I able to fire him for his negligence or do I need to honor a 30-90 day notice to terminate his service?
You'd have to read the contract, if there is one.
Since you own the property, don't need their (PM's) permission to do much...Ask for copies of all the leases for the tenants so you know who owes what, give them (PM) a 30 day notice or whatever is required. Then I'd notify the tenants of the repairs and proceed to manage the property as you see best.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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You would need to see a contract signed by him and your grandparents showing terms of termination, and if for cause, that he was required to maintain it. Do you know that your grandparents provided the funds for the maintenance? If they did, and he just kept the money there could be fraud involved.
My property manager gave up his real estate license and quit on us. We have a lease with 8 months left on it. The tenant is saying the lease is void because the lease is with the property manager not us, the owner. Is there a statute that says somewhere that lease is valid a property manager works in behalf of the owner? And lease with property manager is lease with owner?
The tenant is wrong. The agent is your representative. You are still the one who the lease transfers to. It would be no different if you sold the property. The new landlord has to follow that lease.
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PM breach the contract
