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From: Sheldon Lipschitz
I've been quietly reading the posting s over the last couple of months. The excellent advice from the wise "old" heads has helped me get my feet wet.
I am in the process of appointing a real estate agent to tenant and manage my first IP. He has presented me with a REIV exclusive leasing agreement. (Standard contract ploy?)
Can anyone tell me if there are any clauses that may be traps for the unwary in this agreement? Phrases like "The agent is irrevocably authorized ..." make me a little wary.
Also, what leasing fee and management fee is considered reasonable? What level of service should I expect for this?
Thanks in advance to anyone taking the time and trouble to reply.
I've been quietly reading the posting s over the last couple of months. The excellent advice from the wise "old" heads has helped me get my feet wet.
I am in the process of appointing a real estate agent to tenant and manage my first IP. He has presented me with a REIV exclusive leasing agreement. (Standard contract ploy?)
Can anyone tell me if there are any clauses that may be traps for the unwary in this agreement? Phrases like "The agent is irrevocably authorized ..." make me a little wary.
Also, what leasing fee and management fee is considered reasonable? What level of service should I expect for this?
Thanks in advance to anyone taking the time and trouble to reply.
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