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
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