Change is inevitable, but it can also be scary. When there are changes in the ownership and/or the management of a rental property, tenants can feel a range of emotions from scared and confused, to anxious and upset. In order to give reassurance during these difficult times, ezLandlordForms offers the Change of Ownership/Management Form.
This form describes what changes are going to take place, and what will continue to remain the same. This form also details the name and contact information of the new landlord and/or management. Along with the contact information, this notice also details the amount of security deposit being transferred to the new management.
The Change of Ownership/Management form is an editable form, meaning that you are able to customize the language in the form to suit your specific needs. You will have the ability to add a personal message about the transfer of ownership, or even a message saying good-bye to your tenants. During this period of transition, it is important to offer an open and efficient form of communication to keep all parties comfortable and informed. This notice is an effective method of communication to help ease the range of emotions during the transfer of management.
The Change of Ownership/Management form should be given to all of the tenants occupying your rental property before a change of ownership and/or management occurs. This notice is an editable form so you are able to add additional language or information for your situation. This notice will help clarify the changes and offers comfort to the remaining tenants. This notice will help to guide the tenants through the process of change, and reassure them that the lease agreement will stay the same. This form does not serve as a transfer of ownership between parties.