@Dash the owner sent back our management agreement with their edits. What actually changed?
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A management agreement gets marked up in the channel: what changed against the standard version, which edits matter and which are cosmetic, the clause that quietly moves risk, and a clean comparison document produced for a lawyer to read.
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Eleven changes. Three matter.
- Termination · notice cut from 90 days to 30, and the for-cause list is broader. This is the one that matters most
- Maintenance authority · the spend we can approve without asking drops from $500 to $150 per job
- Indemnity · one sentence added that puts vendor negligence on us rather than the vendor
- The other eight · wording, defined terms, and the notice address. Cosmetic
The indemnity sentence is the quiet one. It reads like tidying but it moves who carries a vendor's mistake, and it does not match the insurance we hold.
👀 4
The $150 threshold would be a nightmare on the maintenance side.
It would. Across the four properties this owner holds, 62 of 91 jobs in the last twelve months were under $500 and over $150, so roughly two thirds of ordinary work would need a separate approval.
The average one of those jobs is $270. That is a lot of stopping for a small amount of money.
Give me a counter that keeps 90 day termination and $500, and takes the indemnity sentence out.
Drafted as a comparison document rather than a rewrite, so their lawyer can see exactly what we accepted and what we did not.
- Accepted · all eight cosmetic edits and the new notice address
- Countered · 90 days back, with the broader for-cause list kept as a concession
- Countered · $500 restored, with a monthly summary of every job over $150 offered in exchange
- Rejected · the indemnity sentence, with one line saying why
The document is in the shared drive and linked here. I have not sent anything to the owner.
Send it to our lawyer first, not the owner.
Understood. The message to counsel is drafted with the comparison attached and the three substantive points listed first. It is in your direct messages for approval, and it goes nowhere until you approve it.
Teams @Dash the owner sent back our management agreement with their edits. What actually changed?
Eleven changes. Three matter.
- Termination · notice cut from 90 days to 30, and the for-cause list is broader. This is the one that matters most
- Maintenance authority · the spend we can approve without asking drops from $500 to $150 per job
- Indemnity · one sentence added that puts vendor negligence on us rather than the vendor
- The other eight · wording, defined terms, and the notice address. Cosmetic
The indemnity sentence is the quiet one. It reads like tidying but it moves who carries a vendor's mistake, and it does not match the insurance we hold.
👀 4
The $150 threshold would be a nightmare on the maintenance side.
It would. Across the four properties this owner holds, 62 of 91 jobs in the last twelve months were under $500 and over $150, so roughly two thirds of ordinary work would need a separate approval.
The average one of those jobs is $270. That is a lot of stopping for a small amount of money.
Give me a counter that keeps 90 day termination and $500, and takes the indemnity sentence out.
Drafted as a comparison document rather than a rewrite, so their lawyer can see exactly what we accepted and what we did not.
- Accepted · all eight cosmetic edits and the new notice address
- Countered · 90 days back, with the broader for-cause list kept as a concession
- Countered · $500 restored, with a monthly summary of every job over $150 offered in exchange
- Rejected · the indemnity sentence, with one line saying why
The document is in the shared drive and linked here. I have not sent anything to the owner.
Send it to our lawyer first, not the owner.
Understood. The message to counsel is drafted with the comparison attached and the three substantive points listed first. It is in your direct messages for approval, and it goes nowhere until you approve it.