Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

25
Posts
21
Votes
Jordan Becker
  • Investor
  • Sunnyvale, CA
21
Votes |
25
Posts

Property Management Contract -- Indemnification provision

Jordan Becker
  • Investor
  • Sunnyvale, CA
Posted

I have a few doors in small multifamily properties and am looking to hire a property management (PM) company.  Most PMs I have contacted have an indemnification clause in their contract, which says the Owner (me) would have to indemnify (reimburse) the PM for any and all losses PM incurs relating to any injuries that occur on the property.  That makes sense to me EXCEPT if the injury was the fault of the PM -- why should I have to indemnify (reimburse) the PM if their negligence caused the injury?  But none of their contracts have any exception for cases where the injury/loss is the PM's fault.  Of course the PM will be named as an additional insured on my property insurance policy, but that contract clause still seems inequitable.  Should I insist on modifying that language to *exclude* cases where the loss/injury is the PM's fault (which the PM may or may not agree to), or am I making an issue out of nothing?  (Needless to say, I am more interested in the opinions of other property owners here, than of PMs :-) ).  Thanks for any help!

Most Popular Reply

User Stats

28,045
Posts
41,031
Votes
Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
41,031
Votes |
28,045
Posts
Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Drew Sygit:

Didn't you post this same question somewhere else on BP in the last few days?

@Drew Sygit I commented on a very similar post a few days ago but it was from someone else.

@Jordan Becker the hard part is finding a Property Manager willing to change their contract for you. Most won't. I would spend your time searching for one that's smart enough to have a fair contract to start with.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
156 Reviews

Loading replies...