Monolith
16Oct/21Off

Which Of The Following Is Not A Common Characteristic Of Property Management Agreements

If you hire a property manager, you should carefully review their management contract. You must ensure that you understand the responsibilities of the property manager and the responsibilities of the owner and ensure that you are protected if the manager does not meet his obligations. Management fees are the most common type of fees charged by a property manager. Pay close attention to how these fees are broken down. You want to try to avoid signing a long agreement until you have demonstrable results from the management company and trust it. Unfortunately, most management companies will not sign a contract for less than a year. In this case, you should carefully review the termination clause and ensure that you can terminate the contract if you are not satisfied with the Service. Don`t exclude a property manager right away, as it seems like they charge higher fees...

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