Updated almost 3 years ago on . Most recent reply
Lease renewal validity amid change in management
Hi there. In mid-November I 'fired' my property manager and resumed self-management of my duplex. The property manager had sent the tenant a lease renewal in October, to be returned by end of January. I recently pinged tenant with a reminder, as I haven't received it yet. She wrote
"At no time in the process of separating from [mgmt company] did you mention that we were going to continue any of the contract elements. I recycled the rental agreement assuming that if you wanted to have one with me that you would let me know. I believe that you are obligated to write your own, one which identifies you specifically as the landlord."
I believe she's incorrect in her assumptions, in that the management company was acting as my agent.
Would appreciate confirmation (or not) from folks here. Thanks much!
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- Real Estate Broker
- Cody, WY
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It doesn't matter if she's correct or not. Your PM screwed up by delaying the request for renewal, which created this confusion. Send a new lease agreement to your tenant and tell them they can sign and return it within one week or they can give you written notice of their intent to terminate in 30 days. Don't leave things hanging out there for months.
- Nathan Gesner
