what rights do I have as a property owner when the mngt co. is spending my money monthly on misc. decorating?

Question

I own a condo and am renting it out in Portland, Oregon through a property management company. I signed an agreement stating that "the mgnmt co. is to maintain the property in good repair in accordance with the management plan, local codes and any other applicable laws of this state or its subdivisions. This includes, but is not limited to, cleaning, painting, decorating, plumbing, carpentry, grounds care, and such other maintenance and repair as may be necessary subject to limitations imposed by owner in writing in advance. Expenses associated with maintenance and repair shall be paid out of owner's operating client trust account." "agent shall make or cause to be made ordinary and reasonable repairs, without the prior written approval of trhe owner, in an amount not to exceed $500.00, except emergency..." The mgnt co. spends so much of my money/ mo on misc. expenses. This last month was $300 for blinds and $100 for misc. repairs. What rights do I have as an owner?

Answer 1

You need to read your contract closely. Before you renew and sign it again, look st thode portions of thr contract thst you do not like - and insert them into your contact. zA contract is not a one-side issues. Both parties have issues and concerns and these should be spelled out your concerns as well. All to often, people sign a contract without even thinking about their liabilities if something should go wrong.