Rental Agreement
A legal contract between the property owner and management company outlining terms, fees, and responsibilities.
A rental management agreement is the contract between a property owner and a property management company that defines the scope of services, management fee structure, owner obligations, termination terms, and liability provisions. Before signing with any property manager, owners should carefully review the agreement, paying particular attention to the management fee, contract length, termination clauses, and what happens to existing bookings if the relationship ends.
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