[WSBARP] "Linkage" Agreement

[Nestor Gorfinkel]

I have seen management agreements that include those clauses. However, on behalf of owner I would exempt transfers to related parties, related entities or for estate planning purposes. I would also add refinances, Helocs or other loans in your case.


Cordially,

Nestor Gorfinkel, Attorney at Law
Licensed in Florida & Washington State
Florida Civil-Law (International) Notary

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Chris B
Sent: Tuesday, April 18, 2023 4:51 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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