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Updated almost 12 years ago,

User Stats

20
Posts
1
Votes
Dennis Hempler
  • Homeowner
  • Coweta, OK
1
Votes |
20
Posts

Dispute with property manager after sale of property

Dennis Hempler
  • Homeowner
  • Coweta, OK
Posted

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/

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