Owner Request to Terminate Management

Owner Request to Terminate Management
This form can be submitted by either the owner or a member of our staff at owner's request (an owner's request must be in writing). This form will generate a checklist for us to process the request.

NOTE: If you have received a Steady Rent Advance (payment of your full lease term's rent up front), then you are not permitted to terminate management until the end of the lease. Your contract with Steady (the company providing the rent advance) prohibits termination of our management for the entire duration of the tenant's lease. If you took part in this program, make sure you don't select a termination date prior to the end of the lease.
Who is submitting this form?*

Property OwnerRevolution Staff Member
Your Email:*
example@example.com
Property Owner Primary Contact Name*

First NameLast Name
Portfolio Name in Propertyware*
Must be copied EXACTLY as it is written in Propertyware
Property Address (if terminating more than one property, enter just one property address here, and submit a separate form for each property)*

Street Address

Street Address Line 2

CityState

Zip Code
Are you wanting to terminate the lease also, or just terminate Revolution's management?*

Terminate both management and the leaseTerminate just Revolution's management and leave the tenant in placeThe property is already vacant
I understand and agree that I will have to pay a $500 Vacant Property Termination Fee to compensate for the work already expended in managing the property while vacant; this amount is in addition to any other bills I already owe and any Document Retention fee listed in my contract:*

I understand and agree
Date Termination Request Received in Writing*

MonthDayYear
Date
Date Owner Wants Termination to be Effective*

MonthDayYear
Must be at least 60 days in the future
Date Owner Wants Termination to be Effective*

MonthDayYear
Lease Name in Propertyware (enter "VACANT" if property is vacant)*
Must copy the lease name EXACTLY as it is in Propertyware
Termination Category*
Enter additional details about reason for termination if available

Special Offer
Revolution would very much like to keep your business. We are sorry to hear that you've been disappointed, and we want a chance to make it up to you. With that in mind, we would like to offer you three (3) free months of property management services to keep your business. If you accept, we will immediately credit your account for the cost of the three months.
Are you willing to stay with Revolution in exchange for 3 free months of property management fees?*

YesNo thank you
Please let us know what we can improve upon to make your experience better going forward:*

Special Offer
Changing management is difficult for everyone involved. If a tenant is in place, it's even more difficult and we believe unfair to the tenant. For that reason, we want to do anything we can to avoid a management termination. To that end, we want to offer to manage the property for you for FREE. You would still pay any leasing fees for new tenants or for lease renewals with an existing tenant, but you would pay no monthly management fee. While this is obviously a money loser for us, we think it's better for everyone involved than simply terminating management.
Are you willing to keep management with us if we manage the property for no management fee?*

YesNo thank you

Security Deposit & Guarantees
Revolution does not transfer security deposits due to legal liabiilty concerns (we have had former tenants file lawsuits against us when a former owner client mishandled their security deposit years after management was terminated).
I understand and agree that if a security deposit is held for my property and if I'm terminating management before the tenant has vacated, the security deposit will returned to the tenant upon management terminating, and I will have no right to the deposit:*

I understand and agree
I understand and agree that if there is no security deposit held for my property and the tenant is on the Security Deposit Waiver Program, I will not receive any payout for the non-refundable fees that Revolution has already collected from the tenant, and I will receive no protection from Revolution when the tenant vacates; protection for the property owner of one (1) month's rent is only available when Revolution is continuing to manage the property*

I understand and agree
I understand and agree that all guarantees that Revolution offers (Pet Damage Guarantee, Property Damage Guarantee, etc.) will be null and void when I submit a termination, as these guarantees only apply when Revolution is continuing to manage the property*

I understand and agree

Tenant in Place
I understand and agree that since I am terminating management with the tenant in place, the tenant will be given the option of terminating the lease at their discretion without penalty; this is because the tenant was renting from Revolution, and they should not be forced into a situation of renting from someone else without their consent*

I understand and agree

Transfer of Files
I understand and agree that Revolution will NOT transfer security deposits, ledgers, applications, documents, etc. to a new property management company, so if I am planning to hire a new company, it will be my responsibility to gather all documents from my Owner Portal to transfer them myself*

I understand and agree

Signature
Sign here:*

Clear
Should be Empty:

Owner Request to Terminate Management

Special Offer

Special Offer

Security Deposit & Guarantees

Tenant in Place

Transfer of Files

Signature