Dispute with property manager after sale of property

[Dennis Hempler]

I just sold my investment property to a non-tenant third party. My property manager is now claiming that he is entitled to 3% of the sale and is withholding my finale rents and money owed me as partial payment. He is referencing our management agreement which I have attempted to link a photo of.

The agreement as far as I can tell, only applies if I were to sell to a tenant and does not apply because I sold to a third party. Am I correct in the way I'm reading this? He in no way helped with the sale of the property. I think he is doing this because I am out of state and have no easy way to take him to court.

Any thoughts and feedback would be greatly appreciated.

http://www.flickr.com/photos/91309395@N05/8291557875/

[Rob K.]

Dennis Hempler I think you have a clear cut case of being in the right. I would tell this clown he needs to pay you or else you will take him to small claims court, get a judgment, collect on said judgment, and then tell every landlord you know about this whole mess. Since he is a business, you might have to go to regular court where he will have to pay for a lawyer and you can represent yourself. Collecting should be easy as you already know where he banks. I think he will pay you as soon as you threaten him. If not, file the papers and let him waste money on a lawyer.

Good luck and keep us posted.