188k views
0 votes
If we only manage the main floor, would we offer the owner a guarantee if they also have their own tenant in the basement?

A) Yes, at no extra cost
B) Yes, with an additional fee
C) No, not offered
D) Depends on the situation

User Desolator
by
7.6k points

1 Answer

4 votes

Final answer:

A property management company's decision to offer a guarantee when managing only the main floor of a property depends on the agreement with the owner and other specifics of the situation. It is not a standard practice and would be negotiated on a case-by-case basis.

Step-by-step explanation:

Whether a property management company would offer a guarantee for services provided on just the main floor of a building when there is also a tenant in the basement is largely dependent on the terms of the agreement with the property owner. Typically, such guarantees are not standard and are often negotiated on a case-by-case basis. This negotiation may consider factors like the level of control or responsibility the management company has over the basement tenant, the nature of the guarantee being requested, and the potential risks involved.

Choices A and B suggest that a guarantee could be offered either at no extra cost or with an additional fee, respectively. Choice C indicates that no guarantee is offered. Choice D suggests that the decision depends on the situation. The most realistic and professional answer would be depends on the situation (D), as it recognizes the need for flexibility and negotiation in property management agreements. A thoughtful property manager would likely assess the specifics of the property, the services they can confidently provide, and the expectations of the property owner before making a commitment.

User Nemanja G
by
8.3k points

Related questions

1 answer
5 votes
148k views
1 answer
2 votes
73.6k views