When you hire a rental property management company, you have signed up to have a business relationship with them. Because of this, you have a few things you should know ahead of time. Understanding how a Calgary property management company works will get you the best results.
Understanding the Notice in the Contract
In general, the property management Calgary companies will often put terms in the contract where if you ever terminate the contract, you must first give a 30-90 day notice to the company. Without a notice, the company can say that you didn’t honour the contract and file a lawsuit against you.
Does Termination of a Property Management Contract Come with a Fee?
Terminating the contract early can result in a fee that ranges from a few hundred dollars up to as much as the remainder of what you have left on the contract. For this reason, you should understand the termination fee before you ever sign it. While you always hope that your relationship with the rental property management company will remain on the upside, you never know what will happen in the future, and you must take measures to protect your Calgary real estate investment.
Always Keep a Copy of Important Property Management Documents
With a property management Calgary company, you want to keep your business in working order. Even if the Calgary property management company makes an honest mistake, having paperwork ensures that you can straighten out any errors.
You should also form a clear picture of what the local property management team will do to keep your property in stellar condition. What screening process will they use for tenants? You have made an investment in Calgary real estate, and you want to take the right measures to protect your investment. To do this, you first want to hire the right property management company.
Mountain Park Real Estate is equipped to help you with all of your real estate and property management needs. If you’re looking to buy, sell, rent or hire a property manager, trust the experts at Mountain Park Real Estate in Edmonton and you’ll receive the best possible service. Visit their website at https://mtnparkpropertymanagement.ca/ or contact them directly by emailing: [email protected] or calling: (780) 809-9954.