Where in a property management agreement would a property manager likely find indemnification for losses due to tenant negligence?

The correct answer highlights the insurance provision because this section is specifically designed to address risk management and financial responsibility for potential losses, including those incurred due to tenant negligence. In property management agreements, the insurance provision often outlines the types of coverage required, such as liability insurance, which protects the property owner and manager from claims arising from incidents that occur on the property, including those resulting from tenant actions.

Including indemnification clauses in the insurance provision ensures that both the property manager and owner have a clear understanding of the coverage available and the responsibilities each party has in terms of handling losses. This provision is critical because it mitigates financial risk and provides a framework for how indemnity is handled in various situations, including negligence by tenants.

In contrast, the other sections of a property management agreement serve different purposes. The owner's covenants generally outline the obligations and commitments of the property owner, while the termination clause details the conditions under which the agreement can be ended. The responsibilities section typically clarifies the duties of the property manager but does not usually encompass specifics about indemnification for losses related to tenant negligence. Thus, the insurance provision stands out as the most relevant section for indemnification concerning tenant negligence.