What must a management agreement include if law prohibits certain documents from being given to the owner?

In situations where the law restricts the distribution of certain documents to property owners, including a written disclosure to the owner in the management agreement is crucial. This requirement serves two significant purposes. First, it ensures that the owner is informed about the limitations imposed by law and the reasons behind the non-disclosure of specific documents. This transparency fosters trust and understanding between the property management and the owner.

Second, having a written disclosure can provide legal protection for the property management by documenting compliance with legal obligations. This can be particularly important in cases where disputes arise or if the owner questions why certain information cannot be shared. Overall, including a written disclosure supports a clear line of communication while adhering to regulatory guidelines, establishing a professional relationship grounded in legal compliance and ethical standards.