Checklist for additional content to be in a rental property management service agreement

Checklist for additional content to be in a rental property management service agreement:

• The circumstances in which the agreement may be terminated by either or both the client and the brokerage;
• The scope of the authority of the brokerage or a related licensee when acting on behalf of the owner, including any authority to sign cheques or make disbursements or enter into contracts on behalf of the owner;
• The timing, frequency, and nature of accounting statements and other records to be provided by the brokerage to the owner;
• How security deposits, pet damage deposits, and other deposits are to be dealt with; and
• A description of the records to be kept by the brokerage on behalf of the owner.