SearchProperty manager termination
Kuna asks:
(updated on Monday, November 12th 2018)
My property manager failed to provide a signed tenancy contract. I have notified them but they still fail to remedy it. The property manager agreed to terminate their management agreement due to their failure in the management agreement clause. But I still haven't received the tenancy contract, so I don't have the tenants details to communicate them about the termination of property management.
I wonder if the property manager needs to hand over the tenancy to me in law - and do things such as informing tenants to make payment to my bank account, transferring bond under my name, giving all papers they keep? I afraid that the tenants will keep paying rent through the management company and that I will still be charged for their unprofessional services.
I'm also concerned that I'll need to handle a mess handed over by the manager.
Our Experts Answer:
It seems that your property manager doesn’t accept that their contract has been terminated. You said have the agreement of the company to hand management back to you, but they have not fulfilled the handover. There may be a misunderstanding. You need to be clear in your communication with the management company to ensure that (a) you are entitled to end your management contract, and (b) your management company accepts that termination. If you cannot resolve your differences you may like to apply to the Disputes Tribunal for resolution of a dispute.
Most Read
| Unity First Home Buyer special | 3.99 |
| ICBC | 4.25 |
| SBS FirstHome Combo | 4.29 |
| Co-operative Bank - First Home Special | 4.35 |
| TSB Special | 4.39 |
| Co-operative Bank - Owner Occ | 4.45 |
| ANZ Special | 4.49 |
| ASB Bank | 4.49 |
| SBS Bank Special | 4.49 |
| Unity Special | 4.49 |
| Westpac Special | 4.49 |
| Westpac Special | 4.45 |
| SBS Bank Special | 4.49 |
| BNZ - Std | 4.49 |
| Kiwibank Special | 4.49 |
| TSB Special | 4.49 |
| AIA - Go Home Loans | 4.49 |
| ANZ Special | 4.49 |
| ASB Bank | 4.49 |
| Co-operative Bank - Owner Occ | 4.49 |
| ICBC | 4.59 |
| Wairarapa Building Society | 4.59 |
| SBS Bank Special | 4.99 |
| Westpac Special | 4.99 |
| ICBC | 4.99 |
| BNZ - Std | 4.99 |
| AIA - Go Home Loans | 5.15 |
| ASB Bank | 5.15 |
| Co-operative Bank - Owner Occ | 5.19 |
| ANZ | 5.39 |
| TSB Special | 5.39 |
| Kiwibank Special | 5.39 |
| Kainga Ora | 5.49 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 4.25 |
| Co-operative Bank - Owner Occ | 4.99 |
| Co-operative Bank - Standard | 4.99 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank - Offset | 5.65 |
| Kiwibank | 5.65 |
| ANZ | 5.69 |
