Hi Guys
Need some advice on getting to grips with a situation I have with a Company tenant a bad manager and new manager trying to sort things out.
The property is in a central Qld mining town and big global miner has been taken over by bigger miner sometime last year.
New miner signs new lease agreement at increased rent yeah!
Rental manager does not inform me that tenant is in arrears
A few weeks later I find out that tenant is 6 weeks in arrears very little being done.
I do get some rent but always in arrears.
Sack the manager.
Engage new manager.
New manager has to go and talk to tenant in the property to find out who they work for as old manager wont provide info and surprise surprise totally different company.
It appears that the previous manager had signed the lease over to the new company ie new company took over new lease after being in operation for only approx 2 weeks and also transferred the bond money.
What is now happening is that the ledger shows payments being made from the new tenant back to the date when the old tenant stopped paying new tenant says they are up to date ledger says otherwise therefore I need to get rent from old tenant.
Hope you are keeping up with this?
Can a manager do this without notifying an owner?
I thought that if a company bought out another company it took on its debts as I do not believe that original company was in receivership as it would have made some big news.
New manager is having trouble getting hold of anybody in new bigger mining company to make sense of it all.
I reckon I am owed at least $4000
I have taken care not to mention company names but they are well known.
Any advise or who shall I turn to
Need some advice on getting to grips with a situation I have with a Company tenant a bad manager and new manager trying to sort things out.
The property is in a central Qld mining town and big global miner has been taken over by bigger miner sometime last year.
New miner signs new lease agreement at increased rent yeah!
Rental manager does not inform me that tenant is in arrears
A few weeks later I find out that tenant is 6 weeks in arrears very little being done.
I do get some rent but always in arrears.
Sack the manager.
Engage new manager.
New manager has to go and talk to tenant in the property to find out who they work for as old manager wont provide info and surprise surprise totally different company.
It appears that the previous manager had signed the lease over to the new company ie new company took over new lease after being in operation for only approx 2 weeks and also transferred the bond money.
What is now happening is that the ledger shows payments being made from the new tenant back to the date when the old tenant stopped paying new tenant says they are up to date ledger says otherwise therefore I need to get rent from old tenant.
Hope you are keeping up with this?
Can a manager do this without notifying an owner?
I thought that if a company bought out another company it took on its debts as I do not believe that original company was in receivership as it would have made some big news.
New manager is having trouble getting hold of anybody in new bigger mining company to make sense of it all.
I reckon I am owed at least $4000
I have taken care not to mention company names but they are well known.
Any advise or who shall I turn to