Condominium Management Agreement

Make sure the manager can do anything you think is an absolute necessity, for example. B find tenants and enter property fees or rent. Most associations will want to hire a property management company that will: there should also be a list of tasks to be accomplished upon termination and the window of opportunity in which they must be completed. For example, the property management company must provide the owner, within fourteen days of termination of the contract, with copies of all leases; or that all the money due to one of the parties must be paid within 30 days of the termination of the contract. The total compensation to which management is entitled during the term of this Agreement shall consist of recurring routine service fees paid each month; routine periodic service fees paid per item; and fees for non-routine services, based on items, as indicated here or negotiated prior to the service. 4.01 Recurring routine services: management is compensated according to the following schedule. Such remuneration shall represent the general expenses of management, with the exception of the salaries of local directors and maintenance, but including general and administrative expenses as well as travel expenses of senior management and staff incurred under this Agreement, and shall cover basic services, including financial management, general administration and property management. „TBD Amount“ due and payable in the same monthly instalment of „TBD“, payable monthly, in advance. 4.02 Routine periodic services. The management performs certain routine periodic services that are requested and / or the necessary fees are therefore as follows: A. Preparation 6 (d) Certificate fees: according to M.G.L.c.183A: $ 65.00 per certificate B. Preparation of current condominium documents for new owners or on request: $ 50.00 C. Sending registered mail to owners who violate relevant documents: Time and materials D.

Returned checks: Time & Materials of the community Broadcasts: time Material & F. The production of materials (with the exception of the temporal and material routine reports and correspondence necessary for the management and management of the trust) (points A and B may be charged to the participating owner in accordance with the appropriate skills established by the decision of the Board of Directors) 4.03 Non-routine services. Management maintains the availability of services related to certain non-routine activities for which needs may or may not arise. Non-routine services may include, without limitation: 1. participating in legal actions brought by the trust against legal actions related to the collection of annual assessments; legal actions in connection with the application of documents; and other legal actions in connection with the services provided under this Agreement; provided, however, that communication with lawyers representing the co-ownership and providing data and information for such lawyers` activities is covered by routine recurring services.. . . .