Common Contracts
1 similar Property Maintenance Agreement contracts
Property maintenance agreement templateProperty Maintenance Agreement • June 14th, 2021
A property management agreement is a contract between a property owner and the company or person hired to manage the property. This contract covers all of the responsibilities that a management company is taking on for the owner. A property management agreement does more than just explain the responsibilities each party will maintain. It should also cover the legal liabilities. A well-drafted agreement includes a clause about the type of insurance coverage a building owner must carry for the building. Property management companies should purchase their own insurance to protect their business – this may also be stipulated in the contract. It’s important that both parties are clear on what is covered within the contract. Often, property managers and owners have a verbal conversation about duties and responsibilities. The contract supersedes anything that was agreed to verbally. Table of Contents 1. When a Property Management Agreement is Needed If you own a property and want to hire a co
