Q.1: Who are the parties involved in this Property Management Agreement?
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Q.2: How long is the initial term of this management agreement?
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Q.3: The initial term may be misleading because ?
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Q.4: How can either party (Owner or RTS) terminate the agreement?
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Q.5: If neither party gives notice to terminate the agreement, what happens?
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Q.6: Who is entitled to tenant placement fees?
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Q.7: When is the payment of proceeds to the OWNER initiated?
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Q.8: In what circumstances may RTS cancel the agreement immediately?
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Q.9: What expenses will be billed to the OWNER for emergency repairs?
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Q.10: When will non-essential cosmetic repairs be forwarded to the OWNER for approval?
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Q.11: Who holds the rental deposits from tenants in a state audited, FDIC insured trust account?
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Q.12: According to the agreement, what is the commission due to RTS if the property is purchased by a tenant that RTS placed in property?
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Q.13: What is the purpose of the Fair Housing Statement mentioned in the agreement?
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Q.14: When can RTS modify the agreement without owner's consent?
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Q.15: What action must the owner take if foreclosure or a lawsuit involving the property is filed?
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Q.16: What information is the OWNER responsible for providing regarding lead-based paint?
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Q.17: What type of showings does RTS use to minimize market time?
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Q.18: What happens if the tenant reverses funds already disbursed to OWNER?
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Q.19: What is the primary purpose of the Property Management Agreement?
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Q.20: What does the HOLD HARMLESS clause in the agreement cover?
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Copyright © 2021 Realty Trust Services - All Rights Reserved. We may send out a monthly newsletter if you contact us through our web form. Andrew W. Morris is a licensed real estate broker with the State of Ohio (BRK.2008004009). Realty Trust Services, LLC is registered with the State of Ohio as a real estate company (REC.2009001863). This page was last updated.
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