Residential Manager's House

Residential Manager's House Agreement

Parties

Owner Name:

Owner Address:

Manager Name:

Manager Address:

Recitals

WHEREAS, Owner is the legal owner of the residential property located at (the "Property"); and

WHEREAS, Manager represents that Manager has the experience, personnel and capacity to perform residential property management, tenant relations, maintenance coordination and lease enforcement for the Property; and

WHEREAS, the parties desire to set forth the terms and conditions under which Manager shall manage the Property on behalf of Owner.

Scope of Work

Manager shall perform the following services in a professional manner and in accordance with applicable law. Specific duties include, but are not limited to, the items described in the field below and any selected checkbox items:

Payment Terms

Owner shall pay Manager for services rendered as follows. Compensation is exclusive of reimbursement for approved third-party expenses unless otherwise stated.

Late payments shall incur a late fee of and interest at per month on overdue balances until paid in full.

Manager is authorized to incur or approve third-party expenses up to per instance without prior Owner approval. Expenses above that amount require prior written approval from Owner.

Term and Termination

This Agreement shall commence on and shall continue until unless earlier terminated in accordance with this section.

Either party may terminate this Agreement without cause by providing days' prior written notice to the other party. Termination for cause is permitted for material breach, provided the breaching party fails to cure the breach within days after written notice specifying the nature of the breach.

Upon termination, Manager shall deliver to Owner all funds, records and property relating to the management of the Property within days and shall cooperate in a reasonable turnover process.

Confidentiality

Each party acknowledges that in the performance of this Agreement it may receive or have access to confidential information of the other party, including tenant personal information, financial data, vendor pricing and Owner operational practices ("Confidential Information"). Each party agrees to (i) hold Confidential Information in strict confidence, (ii) use such Confidential Information solely to perform contractual obligations under this Agreement, and (iii) not disclose Confidential Information to any third party except to employees, contractors or professional advisors who have a need to know and who are bound by confidentiality obligations no less protective than those contained herein.

Confidential Information does not include information which is or becomes publicly available through no fault of the receiving party, is lawfully obtained from a third party without confidentiality restrictions, or is independently developed without use of the disclosing party's Confidential Information. Upon termination, the receiving party shall promptly return or destroy Confidential Information as directed by the disclosing party.

Insurance and Indemnification

Manager shall maintain commercial general liability insurance and, if applicable, workers' compensation and automobile liability insurance in amounts reasonably acceptable to Owner and shall provide proof of such insurance upon Owner's request. Manager shall name Owner as an additional insured on liability policies to the extent permitted.

Manager shall indemnify, defend and hold harmless Owner from and against any and all claims, liabilities, losses and expenses (including reasonable attorneys' fees) arising from Manager's negligent acts, omissions or willful misconduct in the performance of Manager's duties under this Agreement, except to the extent caused by Owner's negligence or willful misconduct.

Governing Law; Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflicts of law principles. The parties shall first attempt to resolve disputes through good faith negotiation. If negotiation fails, the parties agree to non-binding mediation before initiating litigation. Notwithstanding the foregoing, either party may seek injunctive or equitable relief in a court of competent jurisdiction to protect Confidential Information or property rights.

Entire Agreement; Amendments

This Agreement, including any exhibits and written attachments signed by both parties, constitutes the entire agreement between the parties concerning the management of the Property and supersedes all prior agreements, understandings and representations, whether oral or written. Any amendment to this Agreement must be in writing and signed by both parties.

Authority and Certification

Each party represents and warrants that the signatory executing this Agreement on its behalf has the full right, power and authority to enter into this Agreement and to bind the party for whom the signatory acts. Each party certifies that it has read and understands the terms and conditions set forth herein.

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