Property Management Contract Term

[Padam Neopane]

Hello Friends,

I have a condo in DC  managed by property management which expires in July 2023. Tenant is leaving end of May. Contract says to give 30 days notice to terminate. Do I have to wait until 7/2023 to terminate or I can terminate after tenant leaves in May. If I terminate in May, does that mean it is early termination which is $1500 fee for early temination.

Please share your experience. 

Thank You

[Nathan Gesner]

Quote from @Padam Neopane:

Your Property Manager would be the one to answer this, since they hold the keys to the castle.

The PM will charge you a fee if you quit early. So don't. Tell the PM that you will pay them the remaining two months of management fees to "buy out" the remainder of your contract. They don't have to do any work, they still get paid, and you get the property back.