Breaking Lease with Property Mgmt Firm
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!
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
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#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Patrick Farley allow me to rephrase. You are going to contract with a pot operation to use your cash to build their business, and leave you with a property reeking of pot? How did I do?
You failed Bjorn, but it was a noble effort.
#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
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#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
wasn't this already asked on another thread
