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James, a real estate broker, decides he wants to open a property management company. he contacts a number of his friends and they agree that he will be responsible for their properties. they all sign a property management agreement that lists all the names and addresses of the owners, the legal description of the property, and the method and schedule of compensation. is this a sufficient property management agreement?

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W0lf93
No, a good property management contract would also include legal responsibilities of the property owners as well as a termination clause. most agreements also include contract duration as well as liability in them.. This contract is missing a few key points.

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