Details Are Key to Effective Management Contracts

Thoreau famously advised writers to “simplify, simplify.”  But for community associations writing or negotiating management contracts, “Specify, specify” is far better advice.  When relationships between associations and their managers break down, as they do occasionally, the problems can often be traced to the failure on both sides to articulate their expectations at the outset of the relationship and state them clearly in the contract they sign.  A well-drafted contract can avoid many problems and provide a framework for resolving unavoidable problems.  This article discusses several, but by no means all, important provisions that should be addressed in a management contract.    

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