A real estate management contract is a legal agreement wherein the owner of a real estate property/land hires another individual or an organization to look after the management of the real estate. The contract states the details of both the parties and terms and conditions agreed between them.
Sample Real Estate Management Contract
Contract Number: OL 3231
Date of Registration: 10th December, 2010.
This is an agreement made between Ms. Rebecca Marc, as the representative of the real estate company officially located at 130 Davis Mill Court, Lawrenceville, GA 30044 and Mr. Patrick Simons, as the representative of the management company having its office at 6005 Bates Pike SE, Cleveland, TN 37323.
As per the contract, the management company has to look after the property of the Real Estate Company which is located at: 23rd Square Avenue, Lawrenceville, GA 30087.
Terms and Conditions:
- The duration of the validity of the contract shall be five years. At any point in these five years, either of the parties may choose to terminate the contract by giving valid and genuine reasons for doing so.
- The real estate company will pay an amount of $10,000 per year to the management company.
- The management company shall have the rights to take legal actions against the real estate company if they fail to pay the agreed amount on the agreed point of time during the year.
- The plans and the functions of the management company shall have complete approval of the real estate company before they materialize.
Hence, both the parties concerned are in approval of this contract.
Ms. Rebecca Marc
Mr. Patrick Simons