Hi, we are about to sign a property management contract and notice that one of the terms of the contract is as stated below:
". Agent Indemnity:
The owner hereby indemnifies the agent against any actions, suits, demands, claims, costs or other expenses brought against or made upon the agent or incurred by the agent arising out of this authority".
Is this a fair and acceptable condition for us IP owner to accept? Have anyone signed property management contracts recently? Can you share with us what you think of this? Thanks a lot for any helpful inputs.
". Agent Indemnity:
The owner hereby indemnifies the agent against any actions, suits, demands, claims, costs or other expenses brought against or made upon the agent or incurred by the agent arising out of this authority".
Is this a fair and acceptable condition for us IP owner to accept? Have anyone signed property management contracts recently? Can you share with us what you think of this? Thanks a lot for any helpful inputs.