I am currently choosing between two possible new PMs - not much to separate them in terms of cost and service. However, one firm uses the REINSW standard one page agreement, and the other has a 7 page agreement heavy on small print and legal matters.
My main concern is the following clause (I'm abbreviating a bit): "I warrant that the Property is not in a dangerous condition and that if any condition comes to my knowledge I will notify the Agent immediately.....and if any damage occurs to any person because of the dangerous condition of the Property, I will indemnify the Agent and any sub-contractors against all legal claims which may arise".
The property is not currently in a dangerous condition, but it seems to me that if, for example, their electrician installed a new outlet in such a way that it electrocuted the tenant (worst case scenario), then I would be the party who was sued, despite being well-removed from actual responsibility. Should I try to have this struck off the agreement?
I do have landlord's insurance, but my policy will not pay if a situation arises because of someone else's negligence or omission.
My main concern is the following clause (I'm abbreviating a bit): "I warrant that the Property is not in a dangerous condition and that if any condition comes to my knowledge I will notify the Agent immediately.....and if any damage occurs to any person because of the dangerous condition of the Property, I will indemnify the Agent and any sub-contractors against all legal claims which may arise".
The property is not currently in a dangerous condition, but it seems to me that if, for example, their electrician installed a new outlet in such a way that it electrocuted the tenant (worst case scenario), then I would be the party who was sued, despite being well-removed from actual responsibility. Should I try to have this struck off the agreement?
I do have landlord's insurance, but my policy will not pay if a situation arises because of someone else's negligence or omission.