Commercial Management Agreement


A commercial management agreement is a contract between the owner of a property and an agent who provides commercial management services to the owner. Such services include advertising the property, going through and picking the right tenant applications, collecting rents and keeping financial records of the owner.

Sample Commercial Management Agreement

This commercial management agreement is made between the OWNER and the MANAGER on the effective date of August 3, 2011 in Las Vegas.

MANAGER DETAILS:

Name: Bing Finance Ltd

Address: 83 Michaelson Road, Las Vegas

Contact number: 8349328

OWNER DETAILS:

Name: Jeff Silverman

Address: 945 Sunny Valley, Las Vegas

Contact number: 83498329

PROPERTY DETAILS:

Address: 945 Sunny Valley, Las Vegas

DURATION OF AGREEMENT: 1 year

TERMS AND CONDITIONS:

  • As per the agreement, the MANAGER will provide commercial management services to the OWNER of the property located at an address mentioned earlier.
  • The MANAGER shall be responsible for supervising and initiating services like maintaining the property, taking care of the sale or leading of the property, negotiating lease amounts, collection and selection of tenant applications, collection of rents on time, keeping the records of the OWNER in order.
  • The OWNER shall pay the MANAGER an amount of $75,000 in return for his services, besides paying 10% of the first month’s rent as commission when he gets a new tenant.
  • The OWNER shall retain all rights to the property, while the MANAGER shall solely be responsible for marketing the property and other commercial purposes.
  • Any changes to the agreement must be agreed upon by both parties.

SIGNATURES:

MANAGER

OWNER

 

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Commercial Contracts

Category: Management Agreements

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