How to manage property service agreement
30-Mar-2023 (In Property Law)
I run a managed home rental marketplace where we act as a property manager for the owner in a way that we help them find tenants and provide accommodation to bachelors in their house. We allow each person to rent a single room in the house rather than the complete apartment. Since as a company, we are not leasing the apartment, but providing services to the owner, so in this case what sort of agreements should we do with the owner and what legal formality should be done with the tenant ?
Rent should also be collected by us and we will pass to owner after deducting service fee.
The tenant will have to sign the rent agreement with the owner of the property only. The rent agreement can include a clause that the rent will be connected by you. With the owner you will have to sign a regular contract with respect to the services that you will provide detailing out the rights and duties of each party with respect to the service.
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