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Updated almost 5 years ago on . Most recent reply

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General Landlording & Rental Properties

Is it common for property managers to ask for rights in a sale?

Account Closed
Posted

I'm a new investor vetting PMs. One sent a proposed contract that grants exclusive right to sell to the PM if the property is listed during the contract duration. Is that common? Similarly, if I sell the property to a tenant, broker seeks 3% commission. Again, are these common clauses? Thanks for the feedback.

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Thanks @Anna Sagatelova.

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