Management Company Exit Fee?

[Matthew G.]

Hey everyone,

I'm working on buying two houses from an out of state investor and things seem to be progressing well (inspection of the second house today). However, he mentioned that the management agreement he signed with the management company has an exit fee. He seemed a little unsure as to what that fee exactly was, but is it standard for there to be an exit fee of around $2k?

Also, would it be rude for me to ask for a copy of the management agreement? And a copy of the current lease with the tenant?

These will be houses that I wholesale. Thanks for the help!