Virginia Property Management Agreement

1) have a fixed termination date or a certain termination period; However, if an asset management agreement does not set a final termination date or fixed term, the contract expires 90 days after the date of the agreement; B. Except as stipulated in the property management contract, a licensee in charge of the management of real estate does not violate any obligation or obligation to the owner by representing other owners in the management of other real estate. 4. Include other terms agreed by the owner and administrator. 2. indicate how administrative costs should be paid, how and when these taxes should be paid; 3) to indicate the services to be provided by the licensee; and F. The provisions of this section do not apply to licensees who conduct commercial real estate transactions.

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