Property Management Agreement Template South Africa

Duration of agreement. This agreement applies from the date – and expires on the date – At the expiry of the period covered by this term, this contract is extended and extended automatically for a similar period, unless it is terminated in writing by one of the parties by communicating it in a timely manner – days before the date of renewal. This agreement can also be denounced at any time, by mutual agreement between the parties. After the termination of the owner paid the managers all fees, commissions and expenses under this agreement, the managers to pay. If the premises are not rented within 90 days of the conclusion of this contract or a vacancy of more than 90 days, the owner reserves the right to cancel this contract. The agent has the privilege of rewriting any insurance at competitive prices on assets maturing during the term of that contract, but he is not liable for the letter of that insurance. A comparable valuation company must be used. The owner understands that the agent is directly involved as a partner in a full insurance agency. On the owner`s instruction, the agent will receive competitive offers each year. In the event of a sale, the agent receives a sales commission , based on the gross selling price. This exclusive right of sale is valid for 120 days. This agreement is essential to protect you from liability.

It also offers a structure for an advantageous partnership between the owner and the property management company. In accordance with the terms of this property management agreement, [Client.Company], heresafter designated “owner” [Sender.Company] (designated by this “manager”), authorized to conduct commercial transactions on behalf of the owner of the property in [Number.Street] in [City], called by this “property.” The administrator has full authority to implement all legally necessary measures to carry out this contract. A basic rule of thumb is to earn a salary that is approximately three times the rent. If a potential tenant does not pass this first accessibility test, it makes no sense to waste time with the property and harass a resident tenant. It is possible to enter into a verbal agreement for this type of partnership. Oral agreements may be legally applicable, but it can be difficult to prove what the agreement was without written records.

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