Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

You are fortunate he did not ask for a non refundable retainer to approach prospective sellers.

It's hard to unlearn muscle memory built up over many years of use, and I can see you've been here some years.

My wife and I faced that same tough sell/keep dilemma, and for our rental we decided that keeping it, while retaining access to equity was the best of both worlds.

Its not like your paying him a retainer up front..

Here, landlords are required to turn security deposits over to the Rentalsman (provincial government agency) which holds them in-trust, but retains the interest to fund operations.

We did however have to retain a bond naming the City.

In Florida you would never send a check unless there was no claim against it, and we do not allow this.We have a 95$ to be retained from security deposit clause for cleaning which must be accepted by the tenant or they don't get the lease.

The sellers (gas company) want to retain the mineral rights and the universal pipeland easement.

You can keep money in the company from earnings as retained earnings but you'll be taxed so no reason to really.