News: Contracts


Many of our multifamily apartment communities throughout the state provide for laundry facilities, serving both as an additional amenity for residents and a profit-generator for the owner/operator. While many choose to own and operate their own laundry equipment, others essentially subcontract this service to a vendor focused on this line of business. This article deals with the concerns owners and operators face when dealing with laundry vendors and their proposed contracts. It is not unusual for an owner to acquire an apartment community that comes with a laundry vendor. Sometimes, the vendor doesn’t meet your expectations, or you want to… Read More