SA Property Management Agreement

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oliviametzer

Member
29 September 2021
1
0
1
Hi,

Could you please explain in which situation the following clause in a Property Management Agreement is applicable? Will landlords be liable in case GST penalties are cause by their Agent's mistakes? And what can landlords do to proactively avoid those situation?

The landlord agrees to pay and indemnify the Agent against any taxation penalties that may be charged against the Agent in respect of any GST liability under or in connection with the agreement.

Thanks,
Best,
Olivia
 

Docupedia

Well-Known Member
7 October 2020
378
54
794
I’m not familiar with SA property management contracts, and missing context and content aside, it sounds like a fancy way of saying ’if we forgot to stipulate the fees are plus GST, then you’ll pay us the GST instead of claiming the fees are GST inclusive’.