D.S. from Hartford County, Connecticut writes:
Dear Mister Condo,
Are there any laws in Connecticut regarding changing property managers? What do outgoing property managers have to provide the new property managers by law?
Mister Condo replies:
D.S., I am not aware of any “laws” regarding changing property managers. The association (a not for profit corporation) is ending one contract and beginning another contract. As part of the termination of one contract, that business is required to turn over records, funds, and anything else they were paid to keep for the association. They need to do it in a “timely matter” but what does that mean and how will you enforce it? You may feel one month is timely. The outgoing management firm may feel six months is timely. Who’s to say? My advice is to encourage a friendly transition but to also engage the association’s attorney to make sure the outgoing management firm knows that you mean business and don’t intend on waiting very long before pursuing legal (and expensive) remedy. If the transition is happening over 6 to 8 weeks, I would say that is not uncommon. If it is taking 12 weeks or longer, it may be time to hire the attorney and pursue legal remedy. All the best!