CHECKING WITH THE OWNER PRIOR TO A RENEWAL
09-02-2025
RENEWAL CONFIRMATION
09-02-2025
MOST PROPERTY MANAGEMENT AGREEMENTS GIVE THE PROPERTY MANAGER THE RIGHT TO SIGN LEASES FOR THE PROPERTY OWNER AND TO RENEW THE LEASE. EXTREME CARE MUST BE TAKEN AT RENEWAL TIME.
- Most successful Property Managers are given a Power Of Attorney by the Property Owner to sign Leases. This is a signed witnessed and notarized document.
- The Property Management Agreement gives the Property Manager the power to sign the Lease on behalf of the Property Owner and the Power of Attorney makes this legal.
- Many Property Owners have an expectation that when a Lease is over, the Tenants will vacate. The Property Manager has an expectation that a good Tenant will be renewed for another Lease term. This expectation clash causes problems.
- The Property Owner may have reasons why they wish that the Tenant is NOT renewed.
- The Property Owner may wish to sell the house as unoccupied.
- The Property Owner may wish to move in.
- The Property Owner may wish to engage in large renovations.
- The Property Manager may have some reason unknown to the Property Manager that they do not wish to renew the Tenant.
- If the Property Manager renews the Tenant, it is possible that this was not the desire of the Property Owner.
- Once the Property Manager signs the Renewal Lease, the Property Owner is BOUND to honor the Lease.
- It is possible that the Property Owner has sent an email or communicated with a staff member and indicated that they did NOT want the Lease renewed and expected the Tenant to vacate. This communication may not get to the Property Manager for whatever reason.
- It is crucial to CONFIRM one last time with the Property Owner their desire to RENEW a Lease BEFORE the Property Manager offers a renewal Lease or signs a renewal Lease.
- A communication breakdown can have serious ramifications when the Property Manager has the power to sign a Lease on behalf of the Property Owner.
EVEN IF A PROPERTY MANAGEMENT AGREEMENT GIVES THE PROPERTY MANAGER THE FULL LEGAL RIGHT TO SIGN A RENEWAL LEASE, ONE LAST CHECK SHOULD BE MADE WITH THE PROPERTY OWNER AND THIS SHOULD BE DONE IN WRITING.
WITH POWER COMES RESPONSIBILITY AND DANGER.
ALWAYS CONFIRM WITH THE PROPERTY OWNER PRIOR TO RENEWING A LEASE.
HEIST, WEISSE & WOLK, PLLC
“Serving the Property Management Professional”
www.evict.com www.evicttv.com www.evictforms.com info@evict.com
- STORM
- SALE
- PETS
- RENT
- LEASE
- EVICTIONS
- LIABILITY
- LEAD
- ABANDONMENT
- DEATH
- DEPOSIT
- EVICTION
- APPLICATION
- BANKRUPTCY
- ATTORNEYS FEES
- ADVANCE RENT
- DEPOSITS
- RENTAL FURNITURE
- FLOOD
- FIRE
- LIABILITY AVOIDANCE
- CARPET
- NONCOMPLIANCE
- ACCESS
- PET DEPOSIT
- EARLY TERMINATION
- CORPORATE TENANTS
- SATELLITE DISHES
- RENEWING A LEASE
- REMOVING A TENANT FROM A LEASE
- REFERRAL FEES
- LEASE BREAK
- CORPORATE TENANT
- APPLICATION AND SCREENING
- LAWSUIT
- LEASE SIGNING
- NOTICE SERVING
- REPAIRS
- NONCURABLE NONCOMPLIANCE
- TENANT PAINTING
- LEASE BREAKS
- TENANT DEATH
- ATTICS
- UNAUTHORIZED OCCUPANTS
- TAX LIENS
- SUBLETTING
- SQUATTERS
- LEASE SIGNING AND POA
- SHOWINGS
- CREDIT REPORT
- NONRENEWAL
- ESA AND SERVICE ANIMALS
- SECURITY DEPOSIT REFUNDING
- SCREENS AND WINDOWS
- RENT ABATEMENT
- RENEWAL CONFIRMATION
- REMOVING A TENANT
- PROCESS SERVER
- PRESSURE WASHING
- PREPAID - ADVANCE RENT
- PRE AND POST CLOSING OCCUPANCY
- PERSONAL PROPERTY
- DEPOSIT FUNDS
- NSF CHECKS
- MOLD
- NOTICES
- INSURANCE
- HVAC
- HOT TUB
- HOMESTEAD
- SECURITY DEPOSITS
- FIREPLACE
- SAFETY
- DOG BITES
- DISCLOSURE
- NONCOMPLIANCES
- CORPORATIONS
- LATE RENT
- CARBON MONOXIDE
- ASSOCIATIONS
- AIR CONDITIONING
- POOLS
- RELEASES
- FICTITIOUS NAMES
- SUING AND COLLECTIONS
- COLLECTIONS AND SUING
- YOUR TENANT SERVED YOU WITH A 7 DAY NOTICE - WHAT DOES THE TENANT WANT?
- WHAT DOES THE TENANT WANT?
- VERBAL AGREEMENTS
- TERMINATING DUE TO A MAJOR REPAIR NEED
- TERMINATING DUE TO MOLD
