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NEW YORK STATE DEPARTMENT OF HEALTH Division of Managed Care ? Management Contract Statement and Certification Please read the MCO Management Contract Guidelines before completing this form. Complete

How to fill out management contract statement and

How to fill out a management contract statement:

1. Start by gathering all the necessary information and documents related to the management contract. This may include details about the parties involved, the scope of work, payment terms, and any specific legal requirements.
2. Begin filling out the management contract statement by clearly stating the names and contact information of both the management company and the client. Ensure that the details provided are accurate and up to date.
3. Include a detailed description of the services that the management company will be providing. This should cover all relevant aspects such as property management, financial management, maintenance, and any other services agreed upon.
4. Specify the duration of the management contract. This could be a specific start and end date or an open-ended agreement with termination clauses. Ensure that both parties are in agreement regarding the contract duration.
5. Outline the payment terms and fees associated with the management contract. Include information about how and when payments should be made, and any penalties or additional charges for late payments or breach of contract.
6. Clearly state any additional terms and conditions that both parties need to adhere to. This may include provisions related to property access, dispute resolution, insurance, indemnification, and confidentiality.
7. Review the completed management contract statement for accuracy and make any necessary revisions or adjustments. It is crucial to ensure that all sections are properly filled out and that there are no ambiguities or conflicts within the contract.
8. Once both parties are satisfied with the content and terms of the management contract statement, it should be signed and dated by all parties involved. Copies of the signed contract should be retained by both the management company and the client for future reference.

Who needs a management contract statement:

1. Property owners who want to hire a professional management company to oversee their real estate assets can benefit from having a management contract statement. This document ensures that both parties are clear on the scope of services, fees, and other important terms.
2. Real estate management companies that provide property management services to clients can use a management contract statement to formalize their agreements. This helps establish clear expectations, responsibilities, and legal obligations.
3. Tenants or residents who are considering renting or leasing a property that is professionally managed may also need to review the management contract statement. This document outlines the services provided by the management company and the tenant's responsibilities, ensuring clarity and transparency in the rental agreement.

For pdfFiller’s FAQs

What is management contract statement?

Management contract statement is a document that outlines the terms of a contract between a company and a management firm.

Who is required to file management contract statement?

Companies who have entered into a management contract with a management firm are required to file a management contract statement.

How to fill out management contract statement?

The management contract statement can be filled out by providing relevant information about the company and the management firm, as well as outlining the terms of the contract.

What is the purpose of management contract statement?

The purpose of the management contract statement is to provide transparency and accountability in the relationship between a company and a management firm.

What information must be reported on management contract statement?

The management contract statement must include details about the company, the management firm, the terms of the contract, and any other relevant information.

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