[WSBARP] "Linkage" Agreement

[Bryce Dille]

I have dealt with this issue and would like to talk to you about how we handle it

Bryce H. Dille
Dille Law, PLLC
2010 Caton Way SW Ste. 101
Olympia, WA 98502
Office: 360-350-0270
Cell: 253-579-5561

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Business Entity Creation and Management, Business, Government and Tax Law, Real Estate and Land Use, Residential, Commercial and Condominium Development Real Estate and Commercial Transactions & Closings, Including Performing Services as IRS Section 1031 Exchange Facilitator Estate Planning, including Wills and Trusts, and Probate Administration Representation Homeowners/Condominium Association Real Estate Developments Real Property Foreclosures and Forfeitures.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Chris B
Sent: Tuesday, April 18, 2023 1:51 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] "Linkage" Agreement

One of my property management clients wants a clause in its management agreement whereby the client agrees to also list the property with them if they choose to sell during the term of the contract.  I would never agree to such a clause myself, but aside from that, any thoughts on whether this would be permissible?

The same client also has an agreement where he loans money to its clients if they can't afford to pay for needed repairs. This seems sketchy to me too, but I am curious what everyone else thinks.

Chris Benis
First Avenue Law Group, PLLC
321 First Avenue West, Seattle, WA  98119
206.447-1900 office - 206.447.9075 fax - www. firstavenuelaw.com

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