A Property Management Agreement Would Be An Example Of A

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To protect yourself, make sure the agreement contains a “due diligence” clause. For example, the manager is not held liable if the recruitment of a third party demonstrates “due diligence”, also known as being expected to do his research and not hire a contractor with a history of complaints against them. Legal proceedings. In the event that recovery and / or legal action proves necessary with regard to the rental of the property, the trustee will handle all these procedures. The owner reimburses the manager for all costs incurred in pursuing recovery procedures and/or legal proceedings. The manager is not responsible for legal proceedings that do not result from the management and rental of the property. 4. The responsibilities of the manager. .

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