Fillable Property Management Agreement (Page 11 of 15) in pdf

Property Management Agreement Page 11

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10.8

Governing Law. This Agreement shall be governed by and constructed in accordance with the

laws of the state of Oregon.

10.9

Headings. The headings used in this Agreement are solely for convenience of reference, are not

part of this Agreement, and are not to be considered in construing or interpreting this Agreement.

10.10 Consents. Whenever consent or approval of either party is required under this Agreement, the

party giving such consent or approval shall not unreasonably withhold, delay or condition the same.

10.11 Assignment. This Agreement shall be freely assignable by Owner upon any sale of the Property.

Manager may not assign any rights under this Agreement without the prior written consent of Owner.

10.12 Binding Effect. This Agreement shall be binding on and inure to the benefit of the parties and

their heirs, personal representatives, successors, and, to the extent permitted by Section 10.11, assigns.

10.13 Singular/Plural. As used in this Agreement, the singular includes the plural and the plural

includes the singular, as indicated by the context, and if Owner is identified as including more than one

individual or entity, they are entering into this Agreement both jointly and severally.

10.14 Amendment.

Only an instrument in writing executed by both parties may amend this

Agreement.

10.15 Waiver. Only a written instrument executed by the party waiving compliance may waive a

provision of this Agreement. No waiver of any provision of this Agreement shall constitute a waiver of any

other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. Failure to enforce

any provision of this Agreement shall not operate as a waiver of such provision or any other provision.

10.16 Survival. All obligations of the parties under this Agreement, the performance of which is not

required before termination of the Agreement, shall survive the termination hereof.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement in duplicate, AS OF THE

DATE AT THE BEGINNING OF THIS AGREEMENT, with the intent that they be legally bound thereby.

MANAGER:

OWNER:

VALLEY INVESTMENT PROPERTIES

____________________________________

By: ____________________________________

Title: __________________________________

Print name/Title: _________________________

PROPERTY MANAGEMENT AGREEMENT - Page 11

Property Management Agreement Page 11

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