Leases and Property Managers
I am considering putting some of my properties under property management. I have a question about leases. If my property manager is in charge of finding tenants and signing leases with them, what happens to those leases if the property manager should move out of town or close up shop? Do I need to sign new leases with the tenants? I am hoping that the rights and responsibilities under the lease revert to me. This would make the most sense to me, but I wanted to be sure. :)