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  1. #1
    Join Date
    Jun 2015
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    Default My Property Management Company X Sold His Business to Another Company Y

    My question involves landlord-tenant law in the State of: South Carolina

    My property management company X sold his business to another company Y. I currently have an agreement with the old property management company to manage a rental home I own. Because he sold his business to another management company Y, do I still need to honor my contract with the new company? I checked my contract with the company X and there was no language addressing this situation and stating the contract would convey to another company if sold.

  2. #2
    Join Date
    Oct 2006
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    16,474

    Default Re: My Property Management Company X Sold His Business to Another Company Y

    Quote Quoting robrinn
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    My question involves landlord-tenant law in the State of: South Carolina

    My property management company X sold his business to another company Y. I currently have an agreement with the old property management company to manage a rental home I own. Because he sold his business to another management company Y, do I still need to honor my contract with the new company? I checked my contract with the company X and there was no language addressing this situation and stating the contract would convey to another company if sold.
    Those kinds of contract generally can be sold. However, your contract is between you and the business. If the business was sold in its entirety to another business, then your contract would still be valid, because its between you and the business.

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