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Property Management Contracts

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Chapter Summary

This chapter on property management contracts contains fourteen articles. The presented articles are: definition of property management contracts, scope of property management matter, property manager's duty of proper management, property manager's duty of care, property manager's obligation to report, payment of remuneration of property management, burden of property management fee, property manager's liability to pay compensation to mandator, property manager's liability to pay damages to a third party, mandator's right to terminate contract, property manager's right to terminate contract, property manager's obligation to hand over, property manager's obligation to continue to manage the property and application of other provisions. Property management refers to the management activities conducted to preserve or increase the use value of a real estate property and its ancillary facilities and maintain their safety and order for use.

Keywords: property management contracts; property manager



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