What does means of PSA in realty sector?

In the real estate sector, PSA stands for Property Service Agreement. It is a legally binding contract between a property owner and a property service provider, such as a property management company or contractor. It outlines the specific services that will be provided, such as repairs, maintenance, and property inspections, as well as the corresponding responsibilities of both parties. In addition, the PSA will typically include details on the duration of the agreement, the fees and charges for services rendered, and any termination provisions or conditions. This agreement acts as a comprehensive roadmap for effective property management and is designed to safeguard the interests of both the property owner and the service provider.