Fill and Sign the Property Leasing and Management Services Agreement Form

- 1 - ROAD MAINTENANCE AGREEMENT WHEREAS, ___________________________ and ________________________(hereinafter referred to collectively as “the Parties”) do intend to provide for the joint and several maintenance of a road (hereinafter referred to as “the Road”) to be shared and used equally by them and agree to the following terms and conditions: 1. Description of Road. The road to be maintained is known as ___________________, and is more fully described as: (INSERT LEGAL OR OTHER DETAILED DESCRIPTION) 2. Ownership. Ownership of the Road is vested in _____________________, by virtue of that certain Deed, dated ________________ and filed of record in Book____, at Page____ of the land records of ____________County, State of _______________. (NOTE: OWNERSHIP MAY BE JOINTLY HELD BY THE PARTIES AND DESCRIBED AS APPROPRIATE) 3. Duties. Each of the Parties shall be jointly and severally responsible for the maintenance of said Road, including but not limited to the resurfacing, grading, removal or installation of culverts and drainage pipes, and removal of any obstructions of the road. Said maintenance shall include equal responsibility of the Parties for all costs involved. 4. Failure to Agree. If either of the Parties does not agree to an expenditure of maintenance, the dispute shall be referred to ___________________, who shall act as arbitrator in the matter and whose decision shall be accepted by both Parties as being final in the disputed matter. (NOTE: THIS PROVISION MAY BE DELETED BY THE PARTIES) 5. Use of the Road. The Parties agree that the use of the road shall be shared equally and neither shall have the right to interfere with the use of the road by the other. Further, the Parties agree that each and the other may extend the right of use of the Road to guests and visitors. 6. Term and Termination. This agreement shall extend from and after the date of signing by both Parties for a period of ____ (___) years from the date thereof and shall be renewed automatically for similar periods unless terminated sooner pursuant to this Article. Either of the Parties may terminate this Agreement only by providing written notice of such termination ______ (__) year prior to the ending of the initial or any renewal period.
The parties agree to the following, or their heirs, assignees, successors or authorized agents, if any: (hereinafter referred to collectively as(in the singular numbered items), ) and agree to be bound by said agreements in lieu thereof, this agreement which shall not be modified except as agreed upon herein, which agreement shall bind both our heirs, assigns, successors or authorized agents, whether acting individually or as agents, by operation of law or otherwise. (hereinafter referred to collectively as(in the singular numbered items) which are hereby made a part of this agreement are hereby severally made a part of this agreement. In the event that this agreement is executed by two or more parties, each of which has a sufficient interest therein to be legally represented in this agreement, and each of which so assents, the provisions of the second paragraph contained herein shall be binding upon all and any of these parties. If our heirs, assigns, successors or authorized agents do not act within thirty days of the date herein stated, their assent shall be deemed to have been given and binding upon all persons and their successors in the interest of the parties named here as aforesaid.) (hereinafter referred to collectively as(in the singular numbered items), ) and agree to be bound by said agreements in lieu thereof, this agreement which shall not be modified except as agreed upon herein, which agreement shall bind both our heirs, assigns, successors or authorized agents, whether acting individually or as agents, by operation of law or otherwise. (hereinafter referred to collectively as(in the singular numbered items)), and agree to be bound by said agreements in lieu thereof, this agreement which shall not be modified except as agreed upon herein, which agreement shall bind us, our heirs, assigns, successors and authorized agents in the same manner as if this entire agreement were made to them, and their respective successors in the interest (which, upon our death, such successors shall be deemed to be), and which agreement is to remain in full force and effect in each of our wills and in each successor in office and in all respects, to the limited extent of our assets or estates (which, upon our death, those successors shall be deemed to be) with or without any change in the title thereto. Neither our heirs, assigns, successors nor our authorized agents shall exercise any power with respect to these provisions other than as permitted herein. (hereinafter referred to collectively as(in the singular numbered items)), and agree to be bound by said agreements in lieu thereof,