Property Management Advising
We represent property management companies with portfolios that range from just a few localized units to thousands of units nationwide. As such, we have vast experience in both the legal pitfalls associated with property management, as well as how property management companies functionally operate. When clients think of a property management attorney, they often think only about the landlord/tenant eviction side. While that is certainly an important part of property management, there are many more facets of property management that, if not handled correctly, can lead to severe legal and financial implications.
Our property management
advising practice can be broken into two main categories: preliminary planning and litigation. At the preliminary stage, we assist our property management clients in the due diligence process prior to acquiring a property or portfolio. Often times, this includes negotiating financing terms with lenders and/or investors. Once a framework exists, we prepare and negotiate letters of intent, offers-to-purchase and purchase agreements. For clients with existing rental units, we assist in creating systems and process for reviewing prospective tenants, drafting leases and other leasing documents, and providing guidance to navigate the onerous eviction process.
Unnecessary litigation can be costly and therefore the number one aim in representing a property management company is creating effective risk-management processes. Nevertheless, even the most well-prepared property management companies are forced into litigation. We represent property management clients in preparing and serving the appropriate eviction documents as well as representing clients in eviction suits and general civil suits. Additionally, property management companies sometimes find themselves in disputes with outside vendors (e.g. maintenance providers, inspectors and contractors). When a dispute with an outside vendor cannot be resolved, litigation is often the only choice in resolving the matter.