Should I Pay My Property Manager's Legal Fees?

[Benjamin Aaker]

I'm working on getting a new property manager. In the management agreement, they have a clause that seems to indemnify them from liability. Here's the line:

"Owner agrees to hold Agent harmless from any claims, charges, debts, demands and lawsuits. Owner agrees to pay Agent’s attorney’s fees related to the management of the property and any liability for injury on the property that is over the cost of $500."

Those of you with experience in this area, can you tell me if this is something you have seen before? Or should I run away?