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This will vary somewhat by state, however, they can request a new lease, re-written to the same terms of the existing lease, to last the term of the existing lease. This replacement lease should alter your contracted agreement in any way, it should only change the property management company information. The new company must still honor the actual terms of the existing contract, as they "purchased" that contract as part of the companies assets, and by doing so, they agreed to the existing terms.
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