Free property management agreement 32Free property management agreement 32Free property management agreement 32
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Property Management Agreement
In consideration of the covenants herein, _
(hereinafter referred to as “Owner(s)”),
and Bay Management Group, LLC, (hereinafter referred to as “Agent”), agree to this Property Management Agreement
(hereinafter referred to as the “Agreement”) as follows:
1. EXCLUSIVE AGENCY. The Owner(s) hereby employs the Agent exclusively to rent, lease, operate and manage all units
in Exhibit A
(hereinafter referred to as the “Property”) upon the
terms and conditions provided herein for the period of One (1) Year beginning
and ending
and shall automatically renew thereafter for annual periods. Agent accepts the
employment and shall furnish the services of the organization for the management of the Property. Owner shall pay all of
the expenses in connection with this service described herein.
2. FEES. The Owner agrees to pay to the Agent:
A. For management: Agent shall be paid the greater of $100.00 per month or _8 % of monthly collections, including
collections of Rent