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MANAGEMENT AGREEMENT This management agreement is between Sage Management Services, L.L.C. acting as Agent for the Association Prairie Stone Townhouses Condominium Association, Inc., located at 2502

How to fill out management agreement condo prairie

How to fill out a management agreement for a condo in Prairie:

1. Start by gathering all necessary information. You will need the legal name of the condominium association, the address of the property, and the names and contact information of all parties involved, including the owner or owners of the condo unit and the management company.
2. Begin the management agreement by clearly stating the purpose and scope of the agreement. Specify that it is for the management of a condominium unit in Prairie and outline the responsibilities and obligations of both parties.
3. Include a section that outlines the duration of the agreement. Specify the start date and the end date, if applicable. If it is an ongoing agreement, indicate that it will continue until either party terminates it with a certain notice period.
4. Specify the management fees and payment terms. Clearly state the amount of the management fees, how frequently they are to be paid (monthly, quarterly, annually), and the preferred method of payment. Additionally, include any penalties or late fees for missed or delayed payments.
5. Outline the responsibilities and duties of the management company. This may include tasks such as handling tenant inquiries and complaints, coordinating repairs and maintenance, collecting rent, and ensuring compliance with relevant laws and regulations. Be as comprehensive as possible to avoid any misunderstandings or disputes later on.
6. Define the responsibilities and duties of the condo owner or owners. This may include providing necessary documents and information to the management company, granting access to the property, promptly reporting any issues or repairs needed, and complying with the rules and regulations set by the condominium association.
7. Include a section on insurance and liability. Specify the required insurance coverage for the property, including general liability insurance and property insurance. Indicate whether the management company or the condo owner is responsible for obtaining and maintaining the insurance policies.
8. Address any termination clauses. Outline the conditions under which either party can terminate the agreement and the required notice period. Specify any penalties or fees for early termination.
9. Include a section for signatures. Provide blank spaces for the signatures of all parties involved, including the condo owner or owners, the management company representative, and any relevant witnesses.

Who needs a management agreement for a condo in Prairie?

1. Condo owners: If you own a condo unit in Prairie and wish to hire a management company to handle the day-to-day operations and maintenance of your property, you need a management agreement. This agreement will outline the responsibilities and obligations of both parties and ensure a smooth working relationship.
2. Management companies: If you are a management company offering services for condo properties in Prairie, it is essential to have a management agreement in place with each client. This agreement will serve as a legal contract that clearly defines the scope of your services and the terms of your engagement.
3. Condominium associations: If you are a condominium association responsible for managing multiple condo units in Prairie, having a management agreement with a management company can help streamline operations and provide professional expertise in managing the properties. This agreement will help establish a clear understanding of expectations and responsibilities between the association and the management company.

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What is management agreement condo prairie?

The management agreement condo prairie is a contract between a condominium association and a management company outlining the terms of the services provided.

Who is required to file management agreement condo prairie?

The condominium association is required to file the management agreement condo prairie.

How to fill out management agreement condo prairie?

The management agreement condo prairie can be filled out by including details of the management company, services provided, duration of the agreement, and signatures of both parties.

What is the purpose of management agreement condo prairie?

The purpose of the management agreement condo prairie is to establish the relationship and responsibilities between the condominium association and the management company.

What information must be reported on management agreement condo prairie?

The management agreement condo prairie must include details of the services provided, duration of the agreement, fees, termination clauses, and any other relevant terms.

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