If You Ever Decide to Leave
How cancellation works
We would rather earn your business every month than lock you in. Here is exactly what happens if you leave.
Four steps
- Give us 30 days’ written notice.
- We keep managing until the last day. Rent collection, repairs and resident communication continue as normal.
- We hand everything over. The resident’s security deposit, the lease, keys, and property records go to you or your new manager.
- You get a final statement and your remaining funds within 30 days of the end date, after the last bills clear.
Coming to Blaze from another manager? See how switching managers works.
Fees
An early-termination fee applies only to homes on a lease that Blaze wrote (a renewal or a new resident), until that lease ends. For each of those homes, it’s the greater of the management fees left on that lease or $1,000. A lease that was already in place when your home came to us never carries a fee, and neither does a vacant home. The fee is not limited to your first year: it follows each lease we write.
How much notice do I need to give?
30 days, in writing.
Is there a fee to cancel?
Only on homes with a lease that Blaze wrote. Every lease we write, whether a renewal or a new resident, carries an early-termination fee until that lease ends. A lease that was already in place when your home came to us never carries a fee.
My home came to Blaze with a resident and a lease already in place. Is there a fee?
Not while that lease runs. If you cancel before it ends, there is no fee. Once we renew that resident or place a new one, the new lease carries the fee.
Does the fee go away after my first year?
No. It follows each lease Blaze writes, not how long you have been with us. If you have been with us five years, each home on a Blaze-written lease carries the fee until that lease ends.
How much is the fee?
For each home on a Blaze-written lease, the greater of:
- the management fees left on that lease, or
- $1,000.
Can you show me an example?
You join Blaze in July with four homes and cancel the following January.
| Home | Lease | Fee when you cancel in January? |
|---|---|---|
| 1 | The old lease ended in August. We renewed it from September. | Yes, until that renewal ends |
| 2 | The old lease had already ended. We renewed it when you signed with us. | Yes, until that lease ends |
| 3 | Same as home 2 | Yes, until that lease ends |
| 4 | The lease you brought with you runs to next April. | No. We did not write that lease. |
For home 1, say rent is $1,200, so our management fee is $120 a month.
- 8 months left on the lease: 8 × $120 = $960. The fee is $1,000, the minimum.
- 10 months left: 10 × $120 = $1,200. The fee is $1,200.
What if a home is vacant when I cancel?
No lease is in force, so there is no fee on that home.
Why do you charge it?
When we write a lease, we do the leasing work up front: marketing, showings, screening and the lease itself. The fee covers that work if the home leaves before the lease ends.
Is there a fee if I switch from another manager to Blaze?
Not from us. Your old manager may charge one under their agreement, so check before you give notice. See switching property managers.
When do I get my final statement and remaining funds?
Within 30 days of the end date, after the last bills clear.
What happens to the security deposit?
We transfer each resident’s deposit to you or your new manager, with the lease, keys and records.
Everything an owner should ask, answered
No guessing and no sales pitch. Read our fees, our numbers and our policies before you ever call.
Talk to us about your rental
Book a short call. We will answer your questions and look at your property. Serving Amarillo and the Texas Panhandle. Call (806) 414-6021.