Property Management Agreement Explained
Clear answers to the questions owners ask most, so you can feel confident before you sign.
Leasing & Rental Rates
- Why can EJF adjust the rental rate?
Because market conditions change quickly and small delays can lead to vacancy and lost income. - Why is there a minimum term?
Leasing requires upfront work like marketing, showings, and screening before rent begins.
Maintenance & Repairs
- Why can EJF spend up to $500?
Quick action prevents small issues from becoming costly problems. - Why exceed the cap in emergencies?
Urgent repairs like leaks or heating failures cannot wait.
Contracts & Operations
- Why can EJF sign contracts?
To keep operations moving efficiently without delays. - Why are there leasing and renewal fees?
They cover the work involved in securing and retaining tenants.
Insurance & Risk
- Why name EJF as additional insured?
It ensures proper coverage if claims arise involving management. - Why indemnify EJF?
Ownership liability remains with the owner while EJF manages operations.
