Liability of PM vs. Owner

[Jonathan Paul Shortt]

I am working with a new PM company out of state and below is the verbiage in their contract. Want to make sure this is standard.

Liability of Property Manager: Property Manager shall indemnify, defend and hold harmless owner and it’s agents, officers and trustees from and against any and all claims, charges, debts, demands and lawsuits (the “Claims”) arising in connection with any claims arising out of or based upon acts performed or omitted to be performed by Property Managers in breach of this Agreement, or that constitute bad faith, fraud, willful misconduct or gross negligence. This provision shall survive the termination of this agreement.

Liability of Owner: Owner hereby agrees to hold Property Manager harmless from, and to defend Property Manager against, any and all claims, charges, debts, demands and lawsuits in connection with the management of the properties and from liability from injury suffered by any employee, tenant, guest or other person whomsoever.

Thanks BP!