1.   If there is a lease in place that has not expired, the lease must be honored.

2.   If the Landlord approves, you should offer the Tenant YOUR LEASE as having multiple leases is not advisable and causes problems.

3.  If the Tenant signs YOUR LEASE, then the old lease is canceled.

4.  If the Tenant paid any deposits to the Landlord, these deposits need to be placed in the Property Manager’s escrow account.

5.  The Tenant is notified as follows:

1. The Landlord notifies the Tenant in writing that you are the Property Manager and they must pay you from this point on.
2. The Property Manager notifies the Tenant in writing that you are the Property Manager, and they must pay you from this point on.

3.   The  Property Manager notifies the Tenant in writing as to where the deposit money is held (bank, address and interest or non interest)

NOTE:  If the deposit money is not given to the Property Manager by the Landlord, the Property Manager must get the Tenant to sign the document stating that the Property Manager was not given the deposit and the Property Manager is in no way liable for the deposit.

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