The Broward Florida Agreement to Manage Residential Apartment Building is a legally binding document that outlines the specific terms and conditions pertaining to the management and operation of residential apartment buildings in Broward County, Florida. This agreement serves as a comprehensive guide for both property owners and property managers, establishing guidelines and responsibilities to ensure the smooth and efficient running of apartment complexes. The agreement typically covers a range of important aspects related to the management of residential apartment buildings, including but not limited to: 1. Duties and Responsibilities: The agreement outlines the respective roles and responsibilities of the property owner and property manager in managing the apartment building. This includes tasks such as marketing and advertising, tenant screening and selection, rent collection, property maintenance, and responding to tenant complaints or issues. 2. Rent and Lease Terms: The agreement will provide details on the rental rates, lease terms, and any specific regulations regarding rent increases, lease renewals, and termination of tenancy. It may also outline policies on late rent payments, security deposits, and pet policies. 3. Maintenance and Repairs: This section of the agreement stipulates the maintenance and repair obligations of both the property owner and the property manager. It may outline regular maintenance responsibilities, such as landscaping, swimming pool cleaning, HVAC system servicing, and the handling of emergency repairs. The agreement may also include provisions for resolving disputes related to maintenance and repairs. 4. Financial Management: The agreement will include provisions for financial management, such as rent collection procedures, accounting, and record-keeping practices. It may also specify how expenses will be allocated between the property owner and the property manager and how profits will be distributed. 5. Termination and Dispute Resolution: This section provides conditions under which the agreement can be terminated by either party and outlines the process for resolving disputes between the property owner and the property manager. It may also specify any legal remedies available in the event of contract violations. Types of Broward Florida Agreements to Manage Residential Apartment Buildings: 1. Full-Service Management Agreement: This type of agreement covers all aspects of managing a residential apartment building, including marketing, tenant screening, rent collection, maintenance, repairs, and bookkeeping. The property owner entrusts the property manager with the complete management and operation of the apartment building. 2. Maintenance Only Agreement: This type of agreement focuses primarily on maintenance and repair services. The property owner retains control over other management functions like marketing, tenant selection, and rent collection, but delegates property maintenance and repairs to a professional property management company. 3. Financial Management Agreement: As the name suggests, this agreement primarily focuses on financial management aspects of the apartment building. Property owners who prefer to handle day-to-day tasks themselves, such as tenant selection and property maintenance, may enter into this agreement with a property management company specifically for accounting, record-keeping, and other financial-related tasks. In summary, the Broward Florida Agreement to Manage Residential Apartment Building is a crucial document that outlines the roles, responsibilities, and expectations between property owners and property managers in efficiently managing residential apartment buildings in Broward County, Florida. It can take different forms depending on the specific needs and preferences of the property owner.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.