Manager will be responsible for obtaining lease agreements, renewals, and terminations and to take all necessary legal actions to recover unpaid rent or tenant costs associated with damage to Property or its furnishings. Manager will be responsible for advertising of units, tenant screening for credit worthiness and ability to pay monthly rental rate. Unit rental prices are as follows: Type of Unit Manager shall present offers to Owner for review and consideration if they fall above or below previously agreed upon rates. Manager is given discretion to rent units in Property at a minimum and maximum rate within Dollar.Figure of previously agreed upon rates. Manager shall base rent prices on commercially reasonable rates for the region in which Property is located. Additionally, Manager can list Property at the request of Owner for the agreed upon commission rate if a sale is made. Should Property be sold to any tenant or other party during or after the terms of this agreement, Manager will be considered integral to such sales and therefore entitled to Sales.Percentage percent commission on the gross sale price.Such reviews will include a written overview of Property and recommended preservation projects, including a preliminary cost estimate for each project. If Manager conducts property reviews for publication, Owner shall pay per review.Payment will be due by Owner to Manager on the 1st of each month based on tenant commitments the preceding month. The greater of Percentage percent of the gross rental income due to be paid by tenants under existing or future rental agreements, or a flat dollar amount of.Owner agrees to pay Manager under the following conditions: Owner is responsible for obtaining and paying for general liability insurance and other necessary insurance to protect the interests of Manager and all associated personnel. Manager, and all employees or independent contractors hired by Manager, shall have no liability under this agreement, including such liability related to injury to persons or damage to Property under Manager’s supervision, except in instances of gross negligence or willful misconduct by Manager. Manager has the right to enter Property at any time during the length of this property management agreement.
#Sample manager contract full
Manager shall be considered an agent of Owner, given full authority to perform necessary actions to evict tenants and/or collect unpaid rent. Hires and supervises employees to repair, maintain, and decorate Property.Maintains a thorough accounting of rent payment receipts, expenses, and charges on a monthly basis for Owner.At Owner’s expense, hires collection agencies when necessary.Collects rent from tenants when due, making no guarantees as to regular payment from tenants.Seeks new tenants when appropriate, making no guarantees as to the occupancy level of Property.Owner agrees to be an interested party in such legal action, and Manager has full authority to settle claims on behalf of Owner. At Owner’s expense, serves legal notices to tenants when necessary on behalf of Owner, with Owner’s prior consent, and hires attorneys when needed for eviction proceedings or rent recuperation.Actively promotes Property when necessary through advertising, marketing, and listing available units.Coordinates and oversees repair services deemed necessary by Owner, or contractually required under a lease pay for services with Owner’s funds.Compiles, negotiates, and executes new leases, renewals, security deposits, or terminations.Manager assumes responsibility of any rent payment disputes with tenants. Disbursement to Owner will occur on or before Disbursement.Date each month, as long as tenants have fully paid rent. Manager will provide a monthly accounting of all rent payments for Owner’s records. Owner will be paid out all income monthly in a manner of their choice, minus Manager pay and expenses incurred. Manager will collect from tenants rent payments on or before the due date, and issue receipts to tenants.
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