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General Landlording & Rental Properties

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Naga A.
  • Investor
  • Atlanta, GA
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186
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I want to fire a property manager, but there is a problem.

Naga A.
  • Investor
  • Atlanta, GA
Posted Nov 10 2011, 17:10

I want to fire my property manager because I suspect that he "nickle and dimed" me as I am an out-of-state investor.

But, there is a problem. In the management agreement I signed with him, there is a clause that says if I terminate the PM without cause, I will "pay a sum equal to the commissions due for the remainder of the current resident's occupany".

The current lease won't expire until next June. So, if this clause is enforced, I stand to lose about 500-600 dollars. The contract is governed by Georgia law.

Is this clause enforceable?

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