MANAGEMENT AGREEMENT
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ATLAS GROUP LC
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PARTIES:
This Agreement between __________________________________________________________________
hereinafter called OWNER, and the Atlas Group LC, hereinafter called BROKER, whereby in consideration of services to be rendered by BROKER, OWNER appoints BROKER to manage the following described Property:
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SUBJECT PROPERTY:
PROPERTY TYPE: ____________________________________________________________
STREET ADDRESS: ___________________________________________________________
CITY: ___________________ STATE: __________ ZIP: ________ PN:
__________________
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EMPLOYMENT:
OWNER employs BROKER as the sole exclusive Agent of OWNER to manage the Property which includes, but is not limited to, listing the Property for lease and securing a tenant upon the terms and conditions provided herein. BROKER accepts the employment and shall furnish the services of the organization for the management of the Property. OWNER shall pay all of the expenses in connection with this service described herein. OWNER understands and agrees that BROKER'S services will be preformed through one or more authorized agents, and any reference to BROKER in this Agreement includes such authorized agents.
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RELATIONSHIP:
The relationship of the parties to this Agreement shall be that of principal and agent, and all duties to be performed by BROKER under this Agreement shall be on behalf of OWNER, in OWNER'S name and for OWNER'S account. In taking any action under this Agreement, BROKER shall be acting only as an agent for OWNER, and nothing in this Agreement shall be construed as creating a partnership, joint venture or any other relationship between the parties or as requiring BROKERto bear any portion of losses arising out of or in connection with the ownership of the Property. BROKER shall not at any time during the period of this Agreement be considered a direct employee of the OWNER. Neither party shall have the power to bind or obligate the other except as expressly set forth in this Agreement, except that BROKER is authorized to act with such additional power as may be necessary to carry out the spirit and intent of this Agreement.
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TERM:
This agreement shall be for an initial term of twelve (12) months beginning on the _______ day of ________________ in the year 20 _____. Either party may cancel this agreement prior to the expiration date above by giving thirty (30) days advanced notice in writing, and paying all sums due BROKER under the terms of this agreement. This agreement shall continue on a month to month basis after the initial term until either party gives thirty (30) days written notice to terminate this agreement and all outstanding charges and monies owed have been paid.
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RENTAL PRICING:
BROKER will use his best efforts to lease or rent the Property at a rental price of $ _________ per month. BROKER is given the right to rent for as low as $__________ per month without conferring with OWNER. BROKER may increase rents from time to time as the rental market dictates.
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