What are written agreements for services like maintenance and security referred to as?

Prepare for the Ontario Condominium Management License Test with flashcards and multiple choice questions, each equipped with hints and explanations. Get ready for success!

The correct term for written agreements that define services such as maintenance and security is commonly referred to as service contracts. These contracts are crucial because they outline the expectations, responsibilities, and terms of service between the condominium management and the service providers. Service contracts ensure that tasks are clearly defined and that there is accountability for the performance of the services. They typically include details on pricing, scope of work, duration of the service, and conditions for termination.

In contrast, commercial agreements can encompass a broader range of transactions that may not specifically relate to service performance, while vendor contracts may imply a more general relationship without focusing on specific service definitions. Operation agreements might also refer to broader management policies and procedures rather than the specific services provided. Thus, the term service contracts is the most accurate and widely used for agreements concerning maintenance and security services in the context of condominium management.

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