Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

40
Posts
6
Votes
Lorraine Martin
  • Real Estate Agent
6
Votes |
40
Posts

Can we terminate and not move forward with all parties?

Lorraine Martin
  • Real Estate Agent
Posted

Anyone have answer for this? Here’s the rundown. 
Management will not accommodate our “term request” for the # of vehicles allowed at the property. Per our management agreement “they can approve leases etc, per terms provided by owner.”

Management said “ We are unable to accommodate your request. If you would like to self manage, please let me know so that I can introduce you to the tenants.”

We have signed NO lease yet. Management did collect security deposit. Approved Applicants are suppose to move in Friday.

Do you know if we have the right to terminate our agreement with management per ‘breach of contract’ AND tell them we want to take house off of market with them, not move forward with these tenants and to give security deposit back to tenants? Appreciate your time and input.

Most Popular Reply

User Stats

2,086
Posts
2,139
Votes
Andrew B.
  • Rockaway, NJ
2,139
Votes |
2,086
Posts
Andrew B.
  • Rockaway, NJ
Replied

You haven't given us enough info. What is a term request? What are you asking the PM to do that they disagree with? Are you trying to cancel your agreement with PM? If so, you need to look for your contracts cancellation clause.

Loading replies...