Landgoed Property Management Agreement

LANDGOED PROPERTY MANAGEMENT AGREEMENT

This Property Management Agreement (the "Agreement") is made and entered into as of by and between Owner Name: ("Owner") and Manager Name: ("Manager").

RECITALS

WHEREAS, Owner is the lawful owner of certain real property and improvements described in this Agreement and desires to engage Manager to provide property management services for the Property on the terms and conditions set forth herein; and

WHEREAS, Manager represents that it has the experience, personnel and qualifications to manage, operate, lease and maintain the Property and to perform the duties specified in this Agreement; and

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

1. SCOPE OF WORK

Manager shall provide property management services for the Property, which shall include, without limitation, tenant procurement and screening, rent collection, lease administration, coordination of repairs and maintenance, emergency response, and regular reporting to Owner. Specific duties and any exclusions are set forth below.

2. COMPENSATION AND PAYMENT TERMS

As full compensation for Manager's services, Owner shall pay Manager fees as set forth in this Section. Manager's compensation shall be due and payable in accordance with the schedule below.

Manager may deduct from collected revenues any fees, approved expenses and third‑party charges incurred on behalf of the Owner, provided Manager delivers an itemized accounting as set forth in Section 5.

3. TERM AND TERMINATION

This Agreement commences on and shall continue until unless earlier terminated as provided herein.

Either party may terminate this Agreement without cause upon written notice to the other party delivered at least days prior to the intended termination date. For cause, including material breach, insolvency or willful misconduct, the non‑breaching party may terminate immediately upon written notice.

4. MANAGER DUTIES AND AUTHORITY

Manager shall perform its duties with reasonable care and in compliance with applicable law. Manager is authorized to enter into contracts and agreements on behalf of Owner for ordinary repairs and maintenance up to the approved limit set forth below. Manager shall not create any material obligation that binds Owner beyond the approved limits without prior written consent.

5. ACCOUNTING AND REPORTING

Manager shall provide Owner with periodic statements that reflect all receipts and disbursements concerning the Property, together with copies of invoices for third‑party charges. Reports shall be delivered at minimum and within days after the end of each reporting period.

6. CONFIDENTIALITY

Each party shall keep confidential all non‑public information obtained from the other party in connection with the performance of this Agreement, including tenant information, financial records and operational details ("Confidential Information"). Confidential Information shall not be disclosed to any third party except to employees, contractors or professional advisors who have a need to know and who are bound by confidentiality obligations at least as protective as those set forth herein.

Confidentiality obligations shall survive termination of this Agreement for a period of , except to the extent disclosure is required by law, court order, or regulatory authority, in which case the disclosing party shall provide prompt notice to the other party when permitted.

7. INSURANCE

Owner shall maintain at its expense all property, casualty and liability insurance required by law and customary for the Property. Manager shall maintain workers' compensation and general liability insurance covering its employees and operations, and shall provide certificates of insurance upon reasonable request.

8. INDEMNIFICATION

Each party (the "Indemnifying Party") shall indemnify, defend and hold harmless the other party (the "Indemnified Party") from and against any claims, liabilities, losses, damages, costs and expenses (including reasonable attorneys' fees) arising out of the Indemnifying Party's negligence, willful misconduct or breach of this Agreement. Manager shall not be liable for Owner's consequential damages except in cases of gross negligence or willful misconduct.

9. NOTICES

All notices required or permitted hereunder shall be in writing and shall be deemed delivered when delivered personally, by overnight courier, or three (3) business days after deposit in the United States mail, postage prepaid, addressed to the party at the address set forth below (or to such other address as either party may designate by notice).

10. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles. Any dispute arising under or in connection with this Agreement shall be resolved in the state or federal courts located in that State.

11. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations and understandings, whether written or oral. Any amendment or modification of this Agreement shall be in writing and signed by both parties.

12. MISCELLANEOUS

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. The parties acknowledge that they have had the opportunity to consult legal counsel and that the terms of this Agreement are the product of negotiation between the parties.

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