SAMPLE PROPERTY TAKEOVER LETTER
January 1, 2002
Dear Valued Resident:
We are pleased to announce that ________ Apartments has been sold to
__________ and will become a _______ managed Community as of ______, 2002.
On this date, ________ will no longer be the managing agent for your community;
however your community will continue to be professionally managed by _____,
which is headquartered in __________. With more than ____ years experience
managing ____ properties, we feel certain that we will be able to exceed your
expectations and always welcome any comments, suggestions and requests.
Effective _______, 2002, please make your rent check payable to
______________ and mail or deliver it to the on-site Management Office
located at ___________ Apartments, ______________________________ so
that we receive it no later than the first of the month.
The attached Resident Fact Sheet lists the names of the Management Team at
your apartment community, as well as other important information. Please keep your
Fact Sheet handy so that you can refer to it when needed.
Please be advised that this letter constitutes our 30-day notice to you that
your lease and community rules and regulations will be strictly enforced. Any
prior written or oral waiver of any term or condition of your lease and/or rules
and regulations or any breach of any term of your lease and/or rules and
regulations shall not be construed as a continuing waiver of that term or
condition, or any subsequent breach thereof. Please refer to the attached
Resident Fact Sheet for important rental payment information.
If you have any questions, feel free to contact your Community Manager at the
on-site Management Office and they will be glad to help you.
Sincerely;
(New Management Co)
(Old Owner/Management Co)
By:___________________________
By: ________________________