Changing Property Management and Security Deposits
Can a Property Manager apply their fees against a tenant security deposit even though the tenant has not moved out during that transition time of property Management?
Also, as an owner, I was not provided all the Fees that the PM was giving tenants. Are there not any rules / regulations on what and how much fees can be accumulated to a tenant?
Most Popular Reply
Check your management agreement but that doesn't make sense to me for a PM to apply their fees against a tenant security deposit and seems unethical.
Why is your PM charging fees to your tenants (unless late fees)? All the answers you're looking for should be spelled out in your management agreement and you should request an explanation from your property manager.