If you hire [Sender.Company], you are working in the past with a leader in property management in [Location] [Time.Period]. Our clients receive the highest standards of service from a team of professionals who ensure the proper operation and maintenance of your property 24 hours a day. The Manager and any employees or independent contractors recruited by the Manager shall not be liable under this Agreement, including such liability for personal breach or damage to property under the control of the Officer, except in the case of gross negligence or intentional misconduct on the part of the Manager. B. Monthly Financial Reports. The Manager must provide monthly reports on all transactions relating to the property for the previous month, including an operating account and balance sheet, detailed lists of receivables and liabilities as well as monthly management fees, via a computer disk or electronic transfer and/or on paper (or in any other form that the Owner may reasonably require). all are presented in the standard format and in the standard software of the manager or in another form prescribed by the law in which the property is located. The above reports must be communicated to the owner no later than fifteen days after the end of the previous month. The manager shall also submit a monthly land management report containing a summary of the operating results for the month, recommendations on the physical condition and operation of the land, a timetable for proposed capital improvements for the concession area and other information and analysis that the owner may reasonably request. DISCLAIMER: This is only a standard agreement and may not be used in all situations. The use of this agreement does not constitute legal advice, imply or create an attorney-client relationship. If you own real estate and want to entrust the management to a company or an individual, you need this agreement. If you were working as a management company, you will also need this contract to protect your business.
The Treaty helps to clarify responsibilities. Not all management companies provide the same services. For example, some management companies will take responsibility for the marketing of rental properties. Others leave this obligation only to the owners. The contract will accurately reflect the tasks that the management company will perform throughout the duration of the agreement. A property management contract is a contract between a property owner and the company or person in charge of managing the property. This contract covers all the responsibilities that a management company assumes for the owner. Commercial property management contracts stipulate that the owner of the building must take out commercial general liability insurance. It is also standard for the home manager to be designated as additionally insured under the owner`s CGL policy for a commercial property….
