Can I Cancel a Property Management Contract?
A Property Management Agreement (PMA) indicates the length of an agreed upon term for which the management company and landlord are legally contracted. Typically, this term is one year. Lawfully, you may not cancel or back out of this contract unless the management company has committed some sort of malfeasance or was in breach of contract in some other way. Long story short, the management company has a right to collect funds for as long as specified and you are obligated to pay.
If you are so unhappy with the company that you want to get out, you should first talk to the management company and express your displeasure and see if they will amicably part ways. If that doesn’t work, you may try to negotiate a reduced amount. For example, if you are still on the hook for seven more months of management, you could offer to pay three months of management fees upfront to let you out. You could also consult an attorney if needed.
At 24 Hour Property Management, we are confident that you’ll be pleased with our services; and, for whatever reason you are not, we will do what it takes to make it right. In the event that our professional relationship is irreparable, and it turns out we are not the management company for you, we have no problem letting you out of your contract. Fortunately, for us and our clients, this has yet to occur.
Contact 24 Hour Property Management, Inc.
If you any questions about 24 Hour Property Management, our services, and our excellent customer satisfaction, please contact us so that we can answer your questions and advise you. You can reach us seven days a week at 949-409-8585 or you can check us out on the web at 24hourpm.com.