An apartment management contract is a legal document wherein owner of either one or more apartment hires another enterprise for the managerial functions of that selected property/apartment in return of a specific remuneration. The contract defines the functions that the management company has to perform and such terms and conditions to which both the parties have agreed upon.
Sample Apartment Management Contract
Contract Number: RT 3600
Date of Registration: 19th July, 2010.
This is an agreement made between Mr. Ralph Fiennes, as the owner of the apartment/property residing at 2408 Ferrand St #STE 14, Monroe, Louisiana and Mr. Nicholas Cage, as the representative of the management company having its office at 395 Summit Dr, Waterford, Michigan.
As per the contract, the management company has to take care of the apartment of the owner located at:
1234 Street Star
North Avenue Road
Terms and Conditions:
- The contract’s duration shall be three years until any of the party decides to terminate it.
- The owner of the apartment will pay an amount of $15000 per annum to the management company for their services.
- Any of the parties shall have entire liberties to terminate the contract in case of treachery or breach.
- The management company has to look after the entire apartment and has to make sure that all the related taxes are paid on time
Hence, both the parties concerned are in approval of this contract provide their signature below.
Signature of the apartment owner
Mr. Ralph Fiennes
Signature of the management company
Mr. Nicholas Cage