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Updated over 9 years ago on . Most recent reply

User Stats

9
Posts
2
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Kati Bucciero
  • Flipper/Rehabber
  • Roswell, GA
2
Votes |
9
Posts

question about liability section of property manager's contract

Kati Bucciero
  • Flipper/Rehabber
  • Roswell, GA
Posted

I am reviewing the contract for a new property manager for a rental condo. Should I be worried about this section under the liability portion? It seems a little too open to me. Does anyone have any thoughts or recommendations? An attorney's point of view would be great or an experienced landlord. Thanks!!

 "Owner agrees to hold Rental Manager harmless from, and to defend Rental Manager against, any and all claims, charges, debts, demands and lawsuits"

Liability of Rental Manager. Owner hereby agrees to hold Rental Manager harmless from,

and to defend Rental Manager against, any and all claims, charges, debts, demands and

lawsuits. Owner agrees to pay Rental Manager’s attorney's fees related to Rental Manager’s management of the herein-described property and any liability for injury on or about the property which may be suffered by any employee, tenant or guest upon the property. Owner agrees to maintain sufficient and prudent all risks property insurance and that the Rental Manager shall be an additionally named insured. Owner shall provide a copy of such insurance policy to the Rental Manager for the Rental Manager's records.

Most Popular Reply

User Stats

191
Posts
75
Votes
Carlos Enriquez
  • Santa Rosa, CA
75
Votes |
191
Posts
Carlos Enriquez
  • Santa Rosa, CA
Replied

Sounds like the one I got from Real Property Management franchise.  I lined out everything I wanted struck from the contract and the PM sent me an updated one with the certain language gone.  You don't have to accept the contract as is.  You can ask to change it or choose to go elsewhere.  I asked for other PM company contracts as well for comparison, and most have similar language though.

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