Hi,
I am considering hiring a property manager. However the agreement he is using mentions the following:
"PM will not be liable or accountable in any manner whatsoever for any acts or omissions"
also, mentioned in another section of his suggested agreement:
"the owner agrees to indemnify the PM and save you (the PM) harmless from any loss or damage to the property or its contents occurring during the term of this agreement caused by you (PM) or anyone else by any means including theft, fire, or vandalism otherwise than by your (PM) gross negligence of willful act or neglect".
Is the above reasonable? would you sign assuming everything else looks good - their reputation, experience etc. ?
THANKS.
I am considering hiring a property manager. However the agreement he is using mentions the following:
"PM will not be liable or accountable in any manner whatsoever for any acts or omissions"
also, mentioned in another section of his suggested agreement:
"the owner agrees to indemnify the PM and save you (the PM) harmless from any loss or damage to the property or its contents occurring during the term of this agreement caused by you (PM) or anyone else by any means including theft, fire, or vandalism otherwise than by your (PM) gross negligence of willful act or neglect".
Is the above reasonable? would you sign assuming everything else looks good - their reputation, experience etc. ?
THANKS.