Property Management Contract
Property management can be defined as the overseeing of a real estate. It can also include the managing of personal possessions like tools, equipment and assets. If such an agreement takes place between parties, the contract for this agreement must contain all the points on which both parties have agreed upon. Following are some important things that you need to check before you sign the contract.
The first thing that you need to make sure of before you sign a contract is whether the services that have been discussed in the contract are similar to those services which were promised to you by the provider. If you notice that any service which was promised to you is not present in the contract then you have to immediately contact the service provider. You also have to make sure that the service provider does not add any type of restraining clauses to the agreement, like asking the owner of the house to get permission from the property manager before they enter their own house or real estate.
Another crucial point that you need to check before signing the contract is the duration of the contract between owner and the property manager. You need to make sure that the duration which has been mentioned in the contract is equal to duration which was agreed by you and the service provider. The clause which specifies the different circumstances under which the contract or agreement will come to an end is called the termination clause. This is the part of the contract that you need to understand.