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General Landlording & Rental Properties

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Patrick Farley
  • Homeowner
  • Lakewood, CO
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Breaking Lease with Property Mgmt Firm

Patrick Farley
  • Homeowner
  • Lakewood, CO
Posted Jan 5 2023, 09:28

All -

I have a unique opportunity with a company acting as a property management company, who happens to offer luxury accommodations for cannabis retreats in legal recreational markets (think STR/LTR property management firm). Their multi-year offer is well above market value for rent, so I want to proceed, but obviously need to protect myself as property owner.

Entering into an agreement with this company would remove me from managing the property and tenants directly, but what language would a contract need to include in order to end the arrangement with the firm (ex. we decide to list the property for sale)?  

Hope this kick starts solid discussion.  Thanks!

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