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Updated over 4 years ago on . Most recent reply
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Need (semi) legal advice
Hey everybody, I've been having issues with my property management company and have been wanting to get out from them. I normally wouldn't be able to (based on the terms of the contract) in a clean way. However, a golden opportunity has arisen where they underwent a name change and there was a bunch of drama where different people moved around and got fired. They basically are re-branding themselves.
They asked me to sign a new management agreement (contract). Now, without seeing any of the terms, does this inherently mean the original contact is null and void? The fact that they need new signatures tells me from a legal standpoint that the old contract isn't recognized, otherwise they wouldn't need this, correct?
Their company name is different to the one listed on the old contract under "management". In the old contract there's no specific names listed, it's just their company name which means I could articulate that the new company is not them anymore, correct?
Are there any lawyers that could weigh in on how viable this is? I basically just want to tell them good-bye and for them to transfer me the deposit money to hold separately. Am I missing anything?
Most Popular Reply
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Yes, the original agreement would still be in place. There is likely a proposed release of the prior agreement in those documents you have yet to review... to be signed upon your agreement to the new terms. If you don't agree to the new terms, the original agreement would remain in full force and effect.
If there has been a shakeup at the company and your contract was procured by the person or people forming the new PM entity, that would be a reason for them to attempt to pull you over to the new company as a client and get you to agree to make future payments to them.
- Tom Gimer
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