Must the community association name be specified in the management agreement?

The requirement for the community association name to be clearly specified in the management agreement stems from the necessity for clarity and specificity in legal documents. In real estate and property management, a management agreement outlines the responsibilities and services provided by the property manager to the community association.

Having the community association name explicitly stated prevents misunderstandings regarding which entity the manager is contracted to serve. This specification ensures that all parties are aware of their rights and obligations concerning the specific community association involved, facilitating better communication and accountability.

This clarity is vital not only for the broker and the management team but also for residents and other stakeholders within the community. Clear identification helps to avoid disputes or confusion that could arise if the name were only implied or referenced in a vague manner, ensuring that the management agreement is legally enforceable and understood by all parties involved.

Therefore, including the community association's name in the management agreement is essential for the integrity and functionality of the contract, making it a fundamental requirement in real estate practice in Georgia.