Lease Assumption Service

Our Lease Assumption Service is available for homeowners who have rented their property but consider a hands off approach to be the ideal situation. With this option homeowners can enjoy every aspect of the Full Service Property Management after your tenant has signed a lease and has moved into your property.

Assumption Property Management Services Included:

• Collection of rental payment
• Assessing and collecting late payment fees
• Managing needed maintenance on the property
• 24/7 response to maintenance issues
• Handling of Security Deposits in qualified Trust Accounts
• Accounting and tax services for your property(s)
• Court appearances in the event of eviction.

This is a Full Service Property Management option that will allow Oak City Properties to take over the day to day operation of your investment. 

The fee for this service is $300 and 8% of the gross rent per month after.