Magazine article Journal of Property Management

Know Your Code

Magazine article Journal of Property Management

Know Your Code

Article excerpt

KNOW YOUR CODE

ARTICLE 1: SERVICES TO CLIENT

In accordance with the management agreement, an AMO Firm shall make, or cause to be made, regular physical inspections of the clients' properties and shall keep its clients informed as to the condition of the properties. An AMO Firm shall competently manage the properties of its clients with due regard for the rights, responsibilities and benefits of the tenants, residents and others lawfully on the property. An AMO Firm shall not engage in any conduct that is in conscious disregard for the safety and health of those persons lawfully on the premises of the client's property.

Our AMO code now lists that we are bound to serve our clients as set forth in our agreement with them - legally as well as ethically. How can this be done? If we are not inspecting the properties under our management and advising owners of our findings, are we truly managing them?

The following hypothetical scenarios could bring an AMO Firm out of compliance, should it choose not to heed the letter of the Code:

SCENARIO 1:

Upon cleanup of a recently found water intrusion, an owner may ask that it be dealt with simply - through drying and painting.

We know better:

Protocol for this repair more than likely includes more than just drying and painting; it requires removing sheetrock to ensure no presence of visible mold, appropriate drying, testing and so forth.

SCENARIO 2:

During the completion of a lifesafety inspection, it is found that audible alarms on various floors are not sounding. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.