|
 |
|
Cotenant And Tenant In Common Management Agreements |
|
| Products Often Span Multiple Categories--Use A Keyword Search To Locate All Suitable Products |
LA 895 Management And Leasing Agreement Among Multiple Cotenants As The Collective Landlord Under A Net Lease
This property management agreement is to be used when a commercial property is owned by several tenants in common, as opposed to one legal entity. This often occurs when property is held by family members, or investment affiliates.
The agreement appoints one cotenant to manage the property which is leased on a net basis to a third party tenant. The agreement provides for prorata distributions to the cotenants based upon their ownership interests, and specifies the compensation of the managing cotenant. It also contains other elements often found in cotenancy agreements such as a right of first refusal for cotenants to purchase the interest of any selling cotenant before the interest is offered to third parties.
Number of Single Spaced Pages: 10
More Information About This Product > |
|
|
LA 243 Professional Property Management Agreement For Commercial Property Owned By Tenants In Common
This property management agreement is for the engagement of a professional commercial property management firm for a large commercial property.
The property is owned by several tenants in common collectively, who hold the property for investment and desire to provide for the long term management and leasing of the property by a professional firm.
Number of Single Spaced Pages: 28
More Information About This Product > |
|
|
