A commercial property management agreement is a document which is drafted when an individual or an organization takes the responsibility of managing the commercial property of another individual or an organization. These types of agreements contain details of both the parties and the terms and conditions agreed between them.
Sample Commercial Property Management Agreement
This is an agreement made between Ms. Michelle Hugh, referred to as the representative of the property owning company Great Wind which has its office at 1525 Opal Dr, Elko, Nevada and Mr. Paul Felix, as the representative of the management company having its office at 1109 Hylton Hts Rd, Manhattan, Kansas.
Terms and Conditions:
The management company has to manage the commercial property owned by Great Wind located at:
41 Jack Jill Road,
Manhattan, Kansas 8512.
The owner company shall be liable to pay the management company a sum of $10000 annually.
In case the liable company fails to make the payment or delays it, the management company can take legal actions against the company.
The management company shall not misuse the property which has been under this agreement.
Hence, both the parties concerned are in approval of this contract.