Real Estate Law
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Can you provide me a bit more information. Was your property manager working for a management company? And, is your management contract with that company? Thanks.
Thanks for your response. Yes, you most certainly can sue the company. Also, you can sue the tenant for any unpaid rent and damages in excess of any deposit. The management company had a fiduciary duty to you to manage your property, which includes collection the rent, paying you the net rent after expenses, evicting the tenant for any default and inspecting the property. It seems the property management company failed in most, if not, all of these. Therefore, the property management company is in breach of contract and liable to you for any and all damages suffered by you due to the company's default.
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It would depend whether or not the stock of the company was sold or simply the assets. If the former, the ownership change of the company would not impact the liability of the company. If the latter, then the new owner wouldn't be liable, but the company would still exist with the money rather than the assets and you could still sue the company as well. If the wife dissolved the company and took the cash from the sale, then, you could sue the wife and her deceased husband's estate.
Good evening. Just wanted to follow up. My screen indicates that you have not reviewed my response. Please let me know if you did not receive it so I can re-send it if necessary. Thank you! Richard