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Pro-Owner Property Management And Leasing Agreements

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LA 1377 Pro-Owner Construction Management Agreement For Development Of Shopping Center

This construction management agreement is for the engagement of a professional construction management firm to supervise the development of a large shopping center on behalf of the owner.

The agreement is pro-owner in tone, and specifies the compensation to be paid to the manager as a percentage of the development costs of the new center.  The agreement also sets forth in considerable detail the management and development services the manager must provide during the term of the engagement.  The agreement does not include leasing duties for the manager, which would have to be provided by separate agreement.

Number of Single Spaced Pages: 20

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LA1377

LA 271 Pro-Landlord Office Lease Brokerage Agreement

This agreement is designed for a situation where a landlord engages a brokerage company to lease space in the landlord’s commercial properties.

This particular agreement is very pro-landlord in its provisions, and specifies a deferred compensation arrangements for commissions due under the agreement whereby the second half of the commission is paid only if the tenant takes physical occupancy of the premises following its signing of the lease.

Number of Single Spaced Pages: 8

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LA271

LA 1541 The Pro-Landlord Exclusive Agency Leasing Agreement

The leasing agreement that follows is a pro-landlord exclusive agency leasing (brokerage) agreement. Among other things, the agreement:

  • provides that the agent is entitled to no commission if the tenant cancels the lease or defaults under the lease; and
  • allows the owner to sell the property free from the effect of the agreement if the landlord elects to do so.

Number of Single Spaced Pages: 7

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LA1541

LA 1439 Aggressively Pro-Owner Property Management Agreement For Large Residential Apartment Complex

This property management agreement is for the engagement of a professional commercial property management firm for a large residential apartment complex. The manager engaged by the agreement is responsible for the overall management of the residential complex as specified in the agreement.

The manager is responsible for the preparation of an annual management plan for the property, in addition to its other duties specified in the agreement.

Number of Single Spaced Pages: 43

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LA1439

LA 743 Pro-Owner Management Agreement For Suburban Office Park With Multiple Buildings

This form is a long term management agreement for a suburban office park with multiple buildings. This multi-year agreement specifically itemizes the duties and powers of the manager over such matters as general scope of management, rent collection, employees, relations with contractors and professional third parties (e.g., attorneys and accountants), maintenance and repairs, supervision of tenants, insurance, compliance with the law, payment of expenses, budgets, and leasing activities.

The manager is compensated by payment of a percentage of gross income collected, plus payment of a construction management fee, plus the reimbursement of the manager's out of pocket expenses (including the cost of employee compensation and benefits) arising from its duties under the agreement.

Number of Single Spaced Pages: 25

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LA743