This Agreement is made and entered into between _____________________________, of _____________________________, ("Owner"),
and _____________________________, of _____________________________, ("Manager"). The Agreement is effective as of the
Effective Date, the later of the two dates listed below.
Owner hereby engages, appoints, and employs Manager to manage, operate, control, rent and lease the following property:
__________________________________________________________________________________________________________________________.
Re
sponsibilities of Manager
Owner hereby appoints Manager as his fiduciary with full authority to do any and all lawful things necessary for the fulfillment of
this Agreement, including the following:
1. Col
lect all rents due and as they become due, giving receipts therefore; to provide to Owner a monthly accounting of rents
received and expenses paid out; and to remit to the Owner all income, less any sums paid out or commission retained.
2. Se
rvice or cause to be serviced all decorating, maintenance, alterations and repairs to described property and to hire and
su
pervise all needed employees and/or other labor for the accomplishment of service.
3. Ot
her general obligations: (a) advertise the property and display signs; (b) rent and lease the property; (c) sign, renew and
cancel rental agreements and leases for the property; (d) sue and recover for rent and for loss of or damage to any part of the
property and/or furnishings; and (e), when practical, compromise, settle, and release any such legal proceedings or lawsuits.
Liability of Manager
Ow
ner hereby agrees to hold Manager harmless from any and all claims, charges, debts, demands and lawsuits, including
reasonable attorney's fees related to management of the described property, and from any liability for injury on or about the
property which may be suffered by any employee, tenant, or guest upon the property.
Compensation of Manager
Owner agrees to compensate Manager as follo
ws: _______________________________________________________________________
_________________________________________________________________________________________________________________________
Te
rm of Agreement
The term of this Agreement shall commence on the Effective Date.
Thi
s Agreement shall automatically be renewed and extended annually unless terminated in writing by either party 30 days
prior to the date of renewal.
This Agreem
ent may also be terminated by mutual agreement at any time. At such time payment to Manager of all fees,
commissions and expenses due under terms of this Agreement.
Extent of Agreement
Th
is document represents the entire Agreement between the parties.
IN WITNESS WHEREOF, the parties hereto hereby execute this Agreement on the date first above written.
