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sold (by laura [CO]) Sep 14, 2020 1:40 PM
       sold (by myob [GA]) Sep 14, 2020 1:57 PM
       sold (by Barb [MO]) Sep 14, 2020 3:15 PM
       sold (by Robert J [CA]) Sep 14, 2020 3:32 PM
       sold (by laura [CO]) Sep 14, 2020 7:03 PM

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sold (by laura [CO]) Posted on: Sep 14, 2020 1:40 PM

I had a house willed to me. it was my mothers who is deceased. she had it with a property management company. I called the renter who said he will not sign anything with me and the lease with the property management company is his lease. I have never heard this. I do have a call into my lawyer. the property management gave me their lease and I am out of their office. years ago when I was buying apartment bldgs. I took a new lease over to them. what do I do. thank you

sold (by myob [GA]) Posted on: Sep 14, 2020 1:57 PM

Is the lease expired? Is that what he means "his lease" is with the management company-- because that may be true-- unless expired. Maybe it's auto renew?

So tell us more. Is the management company contract over? lease over? why you pushing just now?

sold (by Barb [MO]) Posted on: Sep 14, 2020 3:15 PM

Is this tenant under a fixed term lease or month to month?

Do you plan to self-manage it or leave it with the management company?

If you plan to self-manage, then send a letter to the tenant letting them know that effective immediately, you'll be the new property manager. They should contact you for all concerns going forward. Also let them know how to pay rent going forward.

If they are under a fixed term lease, when does it expire? Legally, you are obligated to that lease until it expires. In that event, I'd contact them 60-90 days before the lease expires and ask them if they plan to renew at the new rate, or if they wish to give notice of intent to move at lease end. If the plan to stay and you want to keep them, you give them a new lease at that time that is your lease. Otherwise, they move out.

If they are M2M, you give them 30 days notice that they need to sign a new lease, or that you are happy to accept their notice to move out at the end of October.

You need to decide how you are going to manage the home going forward with all the infomraiton you have.

sold (by Robert J [CA]) Posted on: Sep 14, 2020 3:32 PM

Your tenant has one point. DO they deal with you or your property manager? When I take over a property, I get the seller and manager to write them a GOOD BYE letter and introduce me as the new owner. I also send out my own letter with my contact information.

After all letters has been sent, if the tenant is still giving you a problem, then you provide them with a Change of Terms of Tenancy, listing you as the owner, manager and person to pay rent to and contact for repairs, etc.

sold (by laura [CO]) Posted on: Sep 14, 2020 7:03 PM

I got the answer. his lease is still current with the property manage company. In Colorado, I have to honor the lease. It stays the same until the lease is up. A letter states that I am the owner. I receive the rent and run it and when the lease is up I write a new one. New one on me. When I bought apartment buildings years ago I took new leases for them to sign. This business is changing . Thank you for your input.

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