Liability of PM and unlimited attorney fees?

Liability of PM and unlimited attorney fees?

Investor · Greenville South Carolina and Lihue, HI · Member since 2016 · 69 posts · 14 votes

Signing a contract with a new PM company - check out this part:

Unlimited attorney's fees and expenses?

Is this the norm?

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  • Nathan GesnerBusiness Member
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    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    8y

    I have a similar clause in my management agreement:

    When searching for a Property Manager, it's important to interview several and compare their management agreement, lease agreement, policies and procedures, etc. If you don't understand something, you should consult an attorney to ensure it's clear before signing.

    Long story short, I don't think it's anything to worry about. If you are worried about it, consult an attorney.

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