What to look for in a property manager
When you purchase an investment property, the main question will generally be: do you manage the property yourself or employee the services of a property manager?The everyday ins and outs of...
A management agreement refers to a commitment between a property owner and a property management company or individual agent.
In the context of real estate, a management agreement refers to a commitment between a property owner and a property management company or individual agent. This agreement outlines the terms and conditions under which the property management company or agent will manage the property on behalf of the owner.
A management agreement typically includes details such as:
The goal of a management agreement is to establish clear guidelines for the management of the property and protect the interests of both the owner and the property manager.
Yes, a management agreement may include provisions for early termination under certain circumstances, such as breach of contract, non-performance, or mutual agreement between the parties. However, early termination may be subject to specific conditions and penalties as outlined in the agreement.
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