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An elevator maintenance agreement is essentially a type of insurance that protects property owners from the erratic and unpredictable costs of elevator service, maintenance, and repairs by offering a fixed rate for each service.
How does an elevator installation and repair service make money? Your clients pay a fee for annual maintenance and inspection. Emergency calls require an additional payment. The installation of a new elevator requires highly trained technicians that will earn the company a sizable payment for their work.
Most elevator maintenance contracts include an auto-renewal clause, an evergreen clause, or a roll-over clause (all three mean the same thing). If you want to negotiate a new agreement, you should first check the termination language on your existing contract, more specifically you should check when, or if, it renews.
An elevator maintenance contract or elevator maintenance agreement is an agreement with an elevator maintenance provider to provide preventive maintenance for your elevator and typically cover parts and labor to keep an elevator running.
Register your Elevator Installation and Repair Service for Taxes. Open a Business Bank Account & Credit Card. Set up Accounting for your Elevator Installation and Repair Service. Get the Necessary Permits & Licenses for your Elevator Installation and Repair Service.
Your Simple Guide to Cancel an Elevator Maintenance ContractCheck The End Date Of The Contract.Check For Contract Auto-Renewal Language.Check The Elevator Maintenance Agreement Termination Language.Check For Non-Performance Language.Secure Another Elevator Company.Find The Termination Letter Instructions.More items...?19 Sept 2019