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<p class="MsoNormal">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?<o:p></o:p></p>
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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.
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<p class="MsoNormal"><span style="mso-ligatures:none">Chris Benis<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">First Avenue Law Group, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">321 First Avenue West, Seattle, WA 98119<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">206.447-1900 office – 206.447.9075 fax – www. firstavenuelaw.com
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<p class="MsoNormal"><span style="mso-ligatures:none">This message contains information that may be CONFIDENTIAL AND PRIVILEGED. Unless you are the addressee (or authorized to receive for the addressee), you may not use, copy or disclose to anyone the message
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<p class="MsoNormal"><span style="mso-ligatures:none">To comply with recent IRS rules, we must inform you that this message, if it contains advice relating to federal taxes, was not intended or written to be used, and it cannot be used, for the purpose of avoiding
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