# Resident manager agreement

A term used when buying self-storage facility.

The agreement setting which of a live-in storage manager's hours are work, since living on site is not.

A live-in manager is a fixture of older facilities, and the federal rule treats living on the premises differently from working there. Somebody residing on the employer's premises is not working all the time they are there, and because the exact hours are hard to fix, any reasonable agreement that takes the pertinent facts into account will be accepted. Without one, the after-hours gate calls, alarm checks and auction days are hours somebody has to count. The apartment counts toward wages only at its reasonable cost, meaning the employer's actual cost with no profit, capped at fair rental value, and only with records that substantiate it. A facility the Department of Labor finds is mainly for the employer's convenience does not count at all. So a salary line plus an apartment is not a payroll figure until both halves are papered. Ask for the agreement, the hours actually logged and the housing cost records.

Part of: Buying a Self-Storage Facility (https://searchspheresource.com/guides/buying-a-self-storage-facility)

Source: https://searchspheresource.com/guides/buying-a-self-storage-facility/terms/resident-manager-agreement
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt