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Portfolio Property Management And Leasing Agreements

Brokerage, Property Management And Leasing Agreements
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LA 1361 Management And Leasing Agreement For Multistate Commercial Net Leased Real Estate Portfolio

This management agreement is for the management of a portfolio of net leased commercial real estate properties spread across several states. The manager appointed in the agreement has detailed responsibilities, and will be compensated by receipt of a percentage of the "gross income" of the properties.

Number of Single Spaced Pages: 12

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LA1361

LA 687: Hotel Management Agreement For Portfolio Of Affordable Hotels For Fixed Percentage Of Gross Revenues

This form is a management agreement for a portfolio of affordable hotels. The agreement appoints the manager and details its management responsibilities for the properties.

The agent is compensated monthly based upon a fixed percentage of gross revenues from the properties. There is no incentive compensation arrangement for the agent, but the agreement does contain an expansive definition of "gross revenues" upon which the agent's compensation is based.

Number of Single Spaced Pages: 15

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LA687

LA 753 Master Property Management, Leasing And Construction Management Agreement For Portfolio Of Income Producing Properties

This master property management, leasing, and construction management agreement is for the engagement of a professional management firm to supervise the operations of a large portfolio of income producing properties on behalf of the owner.

The agreement is pro-owner in tone, and specifies the duties of the manager in detail. The manager is required to collect rentals, perform the duties of the landlord under the leases in the portfolio, conduct building inspections, perform necessary maintenance, make expenditures consistent with approved budgets for the properties, hire needed personnel, handle banking matters, supervise accounting, and so forth. The manager is also responsible for supervision of construction on the properties.

The property management fee to be paid to the manager is a percentage of the gross monthly income.  The manager is also paid leasing commissions and a construction management fee. The agreement also sets forth in considerable detail the construction services the manager must provide during the term of the engagement.

Number of Single Spaced Pages: 25

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LA753