Property Management
In Texas, a written management agreement for a commercial property should contain a provision for:
AThe owner's banking password
BIndemnification of the property manager for actions taken in good faith within the scope of the management agreement✓ Correct
CA waiver of all owner liability for any claims
DAutomatic renewal without the owner's notice
Explanation
A well-drafted management agreement includes indemnification provisions protecting the property manager from liability for actions taken in good faith within their authorized scope of management. This protects the manager from owner claims for properly conducted management activities.
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