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The Property Management Agreement

They want to make sure that the management agreement includes a section refining that they support equal opportunities. It should say that they will abide by both state and federal fair housing laws. The manager is responsible for advertising the units, checking the creditworthiness of tenants and the ability to pay the monthly rent. The manager is responsible for obtaining lease, renewal and termination contracts; and to take all necessary legal steps to recover unpaid rent or rental costs related to damage to the property or its furniture. In this provision, the manager undertakes to ensure that the property complies with all local laws. Depending on the nature and use of the property – for example, a production site – violations of the law can result in considerable fines and penalties (for example.B.

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