Fillable Property Management Agreement printable pdf download

VALLEY INVESTMENT PROPERTIES, INC. 1388 Willamette Street, Eugene, Oregon 97401

(541) 345-7368

PROPERTY MANAGEMENT AGREEMENT

VALLEY INVESTMENT PROPERTIES, INC.

No: _____________

DATE:

_____________________________________

OWNER:

_____________________________________

Address:

_____________________________________

PROPERTY ADDRESS:

_____________________________________

COMMENCEMENT DATE: _____________________________________

EXPIRATION DATE:

_____________________________________

LIMIT OF MANAGER’S AUTHORITY FOR COSTS:

MINIMUM BALANCE TO BE HELD FOR OWNER:

ADDITIONAL AMOUNTS TO BE WITHHELD FOR OWNER:



principal, interest and reserves on debt instruments as directed by Owner;



real property taxes:



in full;  to meet permitted installment amounts; or

 other: ______________________________________________;



other governmental assessments and licenses;



premiums on insurance;



reserves for such items; and



other:

DEPOSITS TO BE HELD IN:  POOLED, OR  SEGREGATED ACCOUNT (see Section 3.4).

MINIMUM LIABILITY INSURANCE COVERAGES BY OWNER:



$_____________ combined single limit coverage; or



$_______________ per person and $_____________ per occurrence bodily injury

and personal injury and $______________ property damage.

COMPENSATION OF MANAGER: Per Schedule B, attached.

This Property Management Agreement (“Agreement”) is made as of this date, between the Owner and

Valley Investment Properties (“Manager”), with respect the to Property identified above, which is owned by

Owner. Owner and Manager are sometimes referred to herein as a “Party” or the “Parties.” Attached as

Schedule A is a further description of the Property and information pertinent thereto.

Exclusive Agency. Owner appoints Manager as its sole and exclusive agent to manage the Property on

Owner’s behalf. The scope of the appointment is described in Sections 3 and 4 of this Agreement. Manager

accepts such appointment and agrees to perform its obligations in accordance with the terms of this Agreement.

Term. The term of this Agreement shall commence as of the Commencement Date, and shall continue

until the Expiration Date (the “Initial Term”), when it will expire. This Agreement shall automatically renew

as of the expiration date of each term for an additional period of one (1) year (“Renewal Term”), unless either

Party gives the other written notice of termination at least 30 days prior to expiration of the Initial Term or any

Renewal Term. Performance of this Agreement during any Renewal Term will be under the terms and

conditions set forth in this Agreement, unless the Parties otherwise agree in writing. Upon expiration or other

termination of this Agreement, the Owner shall remain bound by the obligations of all contracts for services,

supplies and alterations Manager has entered into in connection with the performance of this Agreement.

Property Management Agreement

Related Articles

Related forms

Related Categories