Property Management Agreement (Page 3 of 3) in pdf

b) Repairs ordered by the Tenancy Tribunal shall not require the owner approval.

c) Repairs in an emergency situation that it may affect the health, safety, and welfare of the tenant

arising from Health and Safety issues shall not require the owner approval.

Accounting and Statements

18. The Manager shall, on a monthly basis, account to the Owner for all rents received and for all

payments made on the Owner’s behalf and forward a statement of these accounts to the Owner

within three working days of the close of the preceding month.

19. The Manager is instructed to direct credit from his Trust Account any applicable credit balance

held on behalf of the Owner, to the Owner’s bank account (as detailed in the Schedule) on the first

working day following the close of the preceding month.

Manager’s Responsibility and Restriction on Liability

20. The Manager shall have the duty to carry out the responsibilities and contractual obligations as

set out in this agreement and shall carry out those duties and obligations to the standard of care of a

reasonable property manager.

21. The Manager undertakes to use his best endeavors to ensure continuity of rental and maintenance

of the Property.

22. It is a condition of this agreement that the Manager shall not be held liable for any loss arising:

a. From any failure of the Manager to let the Property

b. From any default by the tenant in the payment of rent or any other charges

c. From any damage to the Property whether caused by the tenant or otherwise

d. From any action by the tenant which may be in breach of their Tenancy Agreement.

e. From any injury to persons or damage to the Property which may be caused by either a

condition of the Property or a hazard in or about the Property, whether such condition or hazard

existed before or after the date of this agreement.

23 The Owner agrees that the Manager shall not be liable to enforce any order of the Tenancy

Tribunal using the District Court civil enforcement system

Termination of this Agreement

Either party may terminate this agreement by giving to the other, two month’s notice in writing after

an initial period of six months.

Acceptance of appointment:

Owner ______________________

Property Manager__________________

Date________________________

date____________________________

Property Management Agreement Page 3