Management Agreement (Maintenance Only)

Assuming management of an owner’s property for maintenance-only can be a tricky arrangement. What constitutes a maintenance emergency, and who handles them? How are residents communicated with? How are the finances handled? You can see that this can be a delicate balance to maintain. By using this Maintenance-only Management Agreement, you can clearly set out areas of responsibility for Owners and Managers, as well as how to handle maintenance requests and payments, what constitutes a maintenance emergency and how those are addressed, and critical liability/indemnification and termination clauses. By getting on the same page as the property owner in these arrangements, you can create a productive relationship in which both parties’ expectations are managed and the property is protected.