Changing Property Management Companies while leased
I own a house in MD and use a PM company to manage the property. The tenant now wants a multi-year lease...
My contract with the PM is renewed on 4/30 but the tenant would like a new lease now instead of moving to month-to-month (they are trying to get the rent reduced). The curent (and possible future) lease provided by the PM clearly states that it is an agreement between the renter (lessee) and the property management company (referred to as the lessor after the initial definition).
If I agree to a multi-year lease, have I just forced myself into a multi-year relationship with the PM? The PM says that the property management can be rolled over to a new agency, but how? the lease states their name. In fact, nothing in the lease is about me the owner.
Would I be able to enforce this new lease with a different PM company?
Last edited by yahoo123; 01-19-2012 at 02:18 PM..