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PROJECT DEVELOPMENT AND MANAGEMENT AGREEMENT betweenJHARKHAND TOURISM DEVELOPMENT CORPORATION LIMITED (AUTHORITY) and___(DEVELOPER)ForDEVELOPMENT OFWAYSIDE AMENITY, DALMA ON RENOVATE, OPERATE, MAINTAIN
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How to fill out ex-421 management agreement

01
To fill out an EX-421 Management Agreement, follow these steps:
02
Begin by entering the name of the management company or individual who will be providing the management services.
03
Next, provide the name of the property or properties that will be managed under the agreement.
04
Specify the duration of the agreement, including the start and end dates.
05
Outline the management fees and any additional charges that will be incurred.
06
Describe the scope of the management services that will be provided, including responsibilities for maintenance, repairs, and leasing.
07
Indicate any specific requirements or restrictions that the management company must adhere to.
08
Provide contact information for both the management company and the property owner.
09
Review the agreement carefully and make any necessary revisions or additions.
10
Once the agreement is complete, both parties should sign and date the document.
11
Keep a copy of the agreement for your records.
12
By following these steps, you can successfully fill out an EX-421 Management Agreement.

Who needs ex-421 management agreement?

01
The EX-421 Management Agreement is typically needed by property owners or investors who wish to engage the services of a professional management company or individual to oversee the day-to-day operations of their properties. It is commonly used in real estate and rental property management to establish the terms and responsibilities of the management arrangement. Both residential and commercial property owners may require a management agreement to ensure their properties are efficiently and effectively managed by experienced professionals.
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The ex-421 management agreement is a document required for property owners in New York City to qualify for a tax exemption under the 421-a program, which provides property tax benefits for certain residential developments.
Property owners or developers who are seeking tax benefits under the 421-a program must file the ex-421 management agreement.
To fill out the ex-421 management agreement, property owners must provide detailed information about the property, ownership structure, management entity, and comply with specific requirements outlined by the New York City Department of Finance.
The purpose of the ex-421 management agreement is to ensure that property owners adhere to the requirements of the 421-a tax exemption program, including the management of affordable housing units.
The ex-421 management agreement must report information such as property details, ownership information, management structure, and compliance with affordable housing requirements.
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