Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 5 months ago on . Most recent reply

User Stats

131
Posts
36
Votes
Chris G.
36
Votes |
131
Posts

How to add an addendum on current owners management agreement?

Chris G.
Posted

I was looking to add a new section on current owners management agreements and new agreements regarding an additional charge. I noticed other companies charge the owner a fee like a $100 admin fee or something if we take over a property with a tenant the owner put in place and then have to evict them after a month to two later. I know on resident leases you can add a new addendum on the lease at renewal time but our management agreements don't expire they continue forever essentially unless either party gives a notice to terminate. How would we go about adding this on there in FL? Is it even possible to do or would they have to sign a whole new document?

Most Popular Reply

User Stats

8,726
Posts
5,352
Votes
Drew Sygit
#1 Market Trends & Data Contributor
  • Property Manager
  • Royal Oak, MI
5,352
Votes |
8,726
Posts
Drew Sygit
#1 Market Trends & Data Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Chris G. any contract can be modified if all parties agree and sign it.

Otherwise, your contract should have a renewal period or notice period with which either party can cancel. These can also be used to modify it.

business profile image
Logical Property Management.
5.0 stars
1 Review

Loading replies...