What happens to the lease when a property management company drops the owner as a client in Florida?

I was just informed that my property management company is canceling their contract with the owner of my apartment. What does this mean for the rental agreement since it refers specifically to the property management company as the landlord? Apparently the owner has not been paying them. At the same time I received a notice that my water is going to be shut off because the owner is not paying the home owner's association fees.What happens to the lease when a property management company drops the owner as a client in Florida?
It is almost certain that your rental agreement will still be in force. Most rental agreements would have a provision stating that the agreement is binding on successors in interest, etc.



As a practical matter, my advice to you would be:

1. Make sure you have the rent on the day that it is due, but don't give it to anyone. Just hold it in a safe place (where you won't touch it) until you are contacted by someone who says you should be paying it to them. This contact could be a phone call, a letter, a "Notice to Pay Rent or Quit," or some other form of communication. At that point you can start verifying if the person or entity is legitimate. in a safe place where you won't touch it Resist the urge to spend the rent on some other pressing financial need, especially if this goes on for more than a month, which is very possible. If more than a month goes by before you have been contacted, add the next month's rent to the rent you are holding.



2. Look at your rental agreement to see who is responsible for paying the association fee. If the rental agreement says the landlord is responsible for paying it, you would probably be safe to pay the required amount from the rent you are holding, so that the water stays on.What happens to the lease when a property management company drops the owner as a client in Florida?
Start looking for a new place quick. By the time this mess is straightened out you will be living on the street.What happens to the lease when a property management company drops the owner as a client in Florida?
A property manager is just that. They are basically a "middleman" for the owner of the property. Your rental agreement should be with the owner not the mgmt company. There may be a clause stating as such in the lease that the mgmt co has been acquired by the owner to act as the management. Your rental agreement will still be valid with the owner of the property. As for the water shut off the only way to prevent that from happening is to pay the past due fees. If the water bill is included in the association's fees and they are not being paid the association is legally allowed to shut off the water