Developing The Management Agreement

Real estate management, as a business, is based on relationships with property owners—relationships that must be established, nurtured, and maintained.

Most management arrangements are entered into with both parties intending to establish a long-term relationship. Over time, however, any relationship can become strained.

The fact that the real estate being managed is a source of income for both the owner and the real estate management company subjects real estate management relationships, in particular, to possible misunderstandings.

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