Updated almost 10 years ago on . Most recent reply
On site manager termination
Hi everyone
Just began pursuing an interest in property management.
Currently, in one of our newly acquired multi-family locations, we have an on-site manage that's been in place for 8 months. The manager had an arrangement with the previous owner to get a specific discount on their rent in exchange for a couple "house chores".
We don't require an on-site manager but I'm unclear on how I can terminate the previous agreement legally. The manager has a month to month agreement. My guess is just giving them 60 day notice that the agreement is terminated but not residency. I'd just like clarification or verification.
Thank you!