- This topic has 15 replies, 2 voices, and was last updated 15 years, 8 months ago by
urbanrealtor.
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March 8, 2009 at 9:34 AM #15248March 8, 2009 at 9:53 AM #362157
urbanrealtor
ParticipantYour lease is actually a contract with the owner of record and not the management. They are merely representatives of the owner. Therefore your existing lease, as contract and encumbrance upon the property remains valid.
This would only change if the option to void contracts (like a bankruptcy or foreclosure) kicked in. It does not sound like you are there. Also, the deposit is held by the owner or his agent (again the mgmt company). The old manager does not get to keep it.
You are, however, justified in asking for written clarification of the new arrangement (including deposit disposition) prior to paying rent.
Note: If the owner has changed (like the old owner sold it) then the lease is still effective but you could probably get someone to draw up something new.
March 8, 2009 at 9:53 AM #362453ParticipantYour lease is actually a contract with the owner of record and not the management. They are merely representatives of the owner. Therefore your existing lease, as contract and encumbrance upon the property remains valid.
This would only change if the option to void contracts (like a bankruptcy or foreclosure) kicked in. It does not sound like you are there. Also, the deposit is held by the owner or his agent (again the mgmt company). The old manager does not get to keep it.
You are, however, justified in asking for written clarification of the new arrangement (including deposit disposition) prior to paying rent.
Note: If the owner has changed (like the old owner sold it) then the lease is still effective but you could probably get someone to draw up something new.
March 8, 2009 at 9:53 AM #362600ParticipantYour lease is actually a contract with the owner of record and not the management. They are merely representatives of the owner. Therefore your existing lease, as contract and encumbrance upon the property remains valid.
This would only change if the option to void contracts (like a bankruptcy or foreclosure) kicked in. It does not sound like you are there. Also, the deposit is held by the owner or his agent (again the mgmt company). The old manager does not get to keep it.
You are, however, justified in asking for written clarification of the new arrangement (including deposit disposition) prior to paying rent.
Note: If the owner has changed (like the old owner sold it) then the lease is still effective but you could probably get someone to draw up something new.
March 8, 2009 at 9:53 AM #362642ParticipantYour lease is actually a contract with the owner of record and not the management. They are merely representatives of the owner. Therefore your existing lease, as contract and encumbrance upon the property remains valid.
This would only change if the option to void contracts (like a bankruptcy or foreclosure) kicked in. It does not sound like you are there. Also, the deposit is held by the owner or his agent (again the mgmt company). The old manager does not get to keep it.
You are, however, justified in asking for written clarification of the new arrangement (including deposit disposition) prior to paying rent.
Note: If the owner has changed (like the old owner sold it) then the lease is still effective but you could probably get someone to draw up something new.
March 8, 2009 at 9:53 AM #362748ParticipantYour lease is actually a contract with the owner of record and not the management. They are merely representatives of the owner. Therefore your existing lease, as contract and encumbrance upon the property remains valid.
This would only change if the option to void contracts (like a bankruptcy or foreclosure) kicked in. It does not sound like you are there. Also, the deposit is held by the owner or his agent (again the mgmt company). The old manager does not get to keep it.
You are, however, justified in asking for written clarification of the new arrangement (including deposit disposition) prior to paying rent.
Note: If the owner has changed (like the old owner sold it) then the lease is still effective but you could probably get someone to draw up something new.
March 8, 2009 at 10:05 AM #362167blahblahblah
ParticipantExcellent — thanks for the info ur, I had just sent the request for the new lease but then I was worried if that was justified or not.
March 8, 2009 at 10:05 AM #362464ParticipantExcellent — thanks for the info ur, I had just sent the request for the new lease but then I was worried if that was justified or not.
March 8, 2009 at 10:05 AM #362609ParticipantExcellent — thanks for the info ur, I had just sent the request for the new lease but then I was worried if that was justified or not.
March 8, 2009 at 10:05 AM #362652ParticipantExcellent — thanks for the info ur, I had just sent the request for the new lease but then I was worried if that was justified or not.
March 8, 2009 at 10:05 AM #362758ParticipantExcellent — thanks for the info ur, I had just sent the request for the new lease but then I was worried if that was justified or not.
March 8, 2009 at 2:35 PM #362324ParticipantYou’re very welcome.
March 8, 2009 at 2:35 PM #362620ParticipantYou’re very welcome.
March 8, 2009 at 2:35 PM #362766ParticipantYou’re very welcome.
March 8, 2009 at 2:35 PM #362809ParticipantYou’re very welcome.
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