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Updated almost 7 years ago,
Can you terminate property management in place at purchase?
I have 2 properties under contract that have property management (In this question referred to as "ABC Property Management Company") in place currently. So far I have been unhappy with what I have seen from this property management company and would like to terminate their management of these 2 properties when I purchase the homes.
My dilemma is the leases are between the "ABC Property Management Company" and the tenants. Does this affect my ability to fire this property management company when I purchase the homes?