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Updated over 9 years ago,
question about liability section of property manager's contract
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.