A commercial property management contract is a contract which is formed between the owner of a commercial property and a person or party which is responsible for managing the commercial property for a fixed period of time and for a certain amount of money in return. Such contracts are legally binding in nature.
Sample Commercial Property Management Contract
This contract has been entered into as on 12th May 2011
Duration of contract: 12 months
Termination date of contract: 12th May 2012
This contract has been signed between two parties whose details are given as follows:
Name: Mr. Daniel Reynolds
Address: 23-H,first floor, Mark’s road, London
Contact number: 47390597555
Name: Mr. Frank Albert
address: S-9,first floor, garden end street, London
contact number: 479035709350
Address: A-7, Tim estate, London
This property is being put under the responsibility of the PROPERTY MANAGER for 12 months by the OWNER for the management purpose.
The total cost given to the PORPERTY MANAGER: $ 10000
The following are the obligations which must be fulfilled by both the involved parties:
- The OWNER must pay the total amount in 3 parts to be paid equally after every four months.
- The PROPERTY MANAGER must take full care of the property and manage the various undertakings and usage of the property for the duration of the contract
- The MANAGER must discuss matters with the OWNER before any kind of commitment.
- The OWNER must let the MANAGER use the property and give access for the entire duration of contract.
Signatures of the parties: