Real Estate Management Contract
THIS MANAGEMENT CONTRACT is made and entered into this day of
, 20 , by and between , whose address is , hereinafter referred to as “Owner”, and , whose address is , hereinafter referred to as “Manager”.
W I T N E S S E T H :
WHEREAS, the Owner desires to contract with the Manager for the supervision and management of the Owner’s real estate which consists of those properties described in the attached Exhibit “A”, hereinafter referred to as the “Property”; and
WHEREAS, the Manager desires to contract with the Owner as an independent contractor to supervise and manage the property of the Owner.
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein set forth, the parties agree as follows:
1. Retainer. The Owner hereby retains the Manager and the Manager hereby accepts said retention under the terms and conditions herein, to supervise and manage the property of the Owner for the purposes of the advancement, protection and preservation of the interests of the Owner in and to its property.
2. Term. The term of this contract shall begin on the day of ,
20 , and shall continue in full force and effect to and including the day of
, 20 , at which time it shall terminate, unless sooner terminated as herein provided or unless extended, continued or renewed by an agreement signed by both parties. Each such extension, continuation or renewal shall specify the term, together with any amendments in the provisions hereof.
3. Relation of the parties. The Manager is retained by the Owner only for the purpose and to the extent set forth in this Agreement and his relation to the Owner shall, during the term of this Agreement, and service hereunder, be that of an independent contractor. The Manager shall not be considered as having an employee status or as being entitled to participate in any plans, arrangements or distributions by the Owner in connection with any pension, stock, bonus, profit sharing or other benefit provided for the employees of the Owner.
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