Join Australia's most dynamic and respected property investment community

Notice given - how to change PM

Discussion in 'Property Management' started by Martinez22, 23rd Sep, 2016.

  1. Martinez22

    Martinez22 Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    121
    Location:
    Perth
    My tenants handed in their notice this week. After the poor service the agency have provided, is there a way out of our agreement? I signed the management agreement this year, but is there a way to cut ties with them?
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,595
    Location:
    Adelaide, SA
    Which state is the property in? How long is the agreement for? How much notice does it stipulate in the agreement? It's likely these might not apply once the property is vacant.

    General process is to sign an agreement with new agency
    New agency collects all the documentation and keys from old agency
    New agency introduces themselves to tenant to start relationship off on right foot, provide contact/payment details etc.
     
  3. Martinez22

    Martinez22 Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    121
    Location:
    Perth
    In WA, I signed an extension of exclusive management authority till the 1st of April 2017. How do I find out whether I can break this management agreement?
     
  4. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,078
    Location:
    Perth
    Check your agreement with them and if there has been a fundamental breach by the PM then you can give them 28 days notice in writing that you are terminating the agreement and state the reasons why you are terminating?

    More info here: You and your property manager
     
    MyPropertyPro likes this.