My question involves landlord-tenant law in the State of: New Mexico
I am a renter (tenant) who recently signed a lease agreement. I just got word that my property manager (for a well known company) is now moving his business to a new company (previously unknown). I was told that I have to sign a new lease to transfer lease with the new company, and that the agreement would be the same as the current one. We were required to have tenant insurance, which points to the previous management company. No reason was given for the move.
My question is: Are there any legal ramifications to the tenant, and what (if any) tricks should I be looking out for from a property manager in the situation above. I am not expecting issues, but I would like to know in case of problems. Would two agreements be a problem.
It seems so odd that this should happen with no clear explanation from the property manager.