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Retail Shopping Center Management And Leasing Agreements

Brokerage, Property Management And Leasing Agreements
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LA 891 Property Management And Leasing Agreement For Retail Strip Shopping Center

This property management and leasing agreement is to be used for a neighborhood (strip) shopping center, which are centers customarily anchored by supermarkets and/or superdrugs. The agreement appoints the management company for the center, and details the manager's responsibilities.

In addition, the manager is appointed as the center's leasing agent, and is paid commissions for new leases. Finally, the manager receives a management fee computed as a percentage of rent for the existing leases in the center.

Number of Single Spaced Pages: 12

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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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LA 1401 Property Management And Leasing Agreement For Regional Shopping Center

This management agreement is for the management and leasing of a regional shopping center.

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, as well as being reimbursed for its expenses.

Number of Single Spaced Pages: 22

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LA 613 Pro-Manager Property Management Agreement For Retail, Office Or Mixed Use Commercial Property

This form is a property management agreement for a commercial property, including retail, office and mixed used properties. It is drafted with the interests of the manager in mind. It provides for a stipulated monthly management fee payable to the manager, which is subject to annual increases.

It also confers a right of first refusal to the manager for third party management offers for the premises after the term of the agreement. It specifically provides that the manager is not responsible for security for the property.

Number of Single Spaced Pages: 12

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LA 673 Property Management Agreement For Corporate Affiliate Manager For Retail Strip Center Property Anchored By A Grocery Store

This management agreement is designed for a situation where the retail strip center to be managed is owned by a corporate affiliate of the manager. In this case, the neighborhood center is anchored by a grocery store tenant.

This management agreement provides for the payment of both management and leasing fees to the manager. The leasing fee is a percentage of the total rent payable under the leases for the center, excluding so-called additional rental payments, such as common area maintenance, real estate taxes, insurance charges and the like. The management fee is computed as a percentage of all rentals and additional rentals, plus a higher percentage of common area maintenance charges.

Number of Single Spaced Pages: 9

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LA 1619 Management Agreement With Capped Incentive Compensation For Portfolio Of Specialty Shopping Centers Owned By Multiple Owners

This management agreement is for the management of several specialty shopping centers in various locations owned by separate owners.

The manager has all operating responsibilities, and will be compensated by being paid a stipulated management and leasing fee, as well as incentive compensation equal to a portion of Net Operating Income from the centers, subject to a maximum cap.

The manager must prepare a number of periodic operating reports, including monthly tenant charges, balance sheets, budget reconcilliations, and the like. The manager is also responsible for all employees needed to operate the centers, and for managing the operating account for the centers.

Number of Single Spaced Pages: 20

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