The basic instrument in the real estate management field is the management agreement between the owner and the manager. In the agreement, the manager will usually obligate himself or herself to secure leases for the property, make or arrange for necessary repairs, handle tenant grievances, and collect rent. The emphasis on these particular duties will vary with the nature of the property. For example, deteriorated property will require major attention to rehabilitation.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
New York Management Agreement of Mobile Home Park is a legal document that outlines the terms and conditions between a mobile home park owner or operator and a management company. This agreement specifies the responsibilities and obligations of each party involved in managing and maintaining the mobile home park. Key terms included in the New York Management Agreement of Mobile Home Park may consist of: 1. Management Services: The agreement will provide a detailed description of the management services to be performed by the management company. These services may include advertising and leasing of lots, rent collection, maintenance and repairs, handling of resident complaints, and compliance with local regulations. 2. Term and Termination: The agreement will specify the duration of the management arrangement, usually in months or years. It will also outline the circumstances under which the agreement can be terminated, such as breach of contract or non-payment of fees. 3. Compensation: The agreement will outline the management fees or commissions that the management company will receive for their services. This may be a flat fee, a percentage of the park's revenue, or a combination of both. 4. Maintenance and Repairs: The agreement will detail the responsibilities of the management company regarding the maintenance and repairs of the mobile home park. This includes regular maintenance tasks, routine inspections, landscaping, as well as emergency repairs and dealing with insurance claims. 5. Resident Relations: The agreement may include provisions regarding handling resident relations, including tenant selection, background checks, lease agreements, and enforcement of park rules and regulations. It may also cover procedures for handling resident complaints and disputes. 6. Financial Management: The management agreement might address financial matters, such as rent collection, accounting procedures, and financial reporting requirements. It may also outline the management company's responsibilities in paying expenses, taxes, and utilities on behalf of the park. Types of New York Management Agreements of Mobile Home Parks: 1. Full-Service Management Agreement: This type of agreement involves the management company overseeing all aspects of the park's operations, including maintenance, resident relations, and financial management. 2. Partial Management Agreement: This agreement allows the management company to perform only specific agreed-upon management services, such as rent collection or maintenance. Other responsibilities may remain with the mobile home park owner or operator. 3. Consulting Agreement: In some cases, a mobile home park owner may engage a management company for consulting services rather than full-time management. This type of agreement typically involves providing recommendations and advice on improving park operations and efficiency. In conclusion, the New York Management Agreement of Mobile Home Park is a comprehensive legal document that governs the relationship between a mobile home park owner/operator and a management company. It ensures clear communication and delineates the responsibilities of each party involved in managing and maintaining the mobile home park efficiently and effectively.New York Management Agreement of Mobile Home Park is a legal document that outlines the terms and conditions between a mobile home park owner or operator and a management company. This agreement specifies the responsibilities and obligations of each party involved in managing and maintaining the mobile home park. Key terms included in the New York Management Agreement of Mobile Home Park may consist of: 1. Management Services: The agreement will provide a detailed description of the management services to be performed by the management company. These services may include advertising and leasing of lots, rent collection, maintenance and repairs, handling of resident complaints, and compliance with local regulations. 2. Term and Termination: The agreement will specify the duration of the management arrangement, usually in months or years. It will also outline the circumstances under which the agreement can be terminated, such as breach of contract or non-payment of fees. 3. Compensation: The agreement will outline the management fees or commissions that the management company will receive for their services. This may be a flat fee, a percentage of the park's revenue, or a combination of both. 4. Maintenance and Repairs: The agreement will detail the responsibilities of the management company regarding the maintenance and repairs of the mobile home park. This includes regular maintenance tasks, routine inspections, landscaping, as well as emergency repairs and dealing with insurance claims. 5. Resident Relations: The agreement may include provisions regarding handling resident relations, including tenant selection, background checks, lease agreements, and enforcement of park rules and regulations. It may also cover procedures for handling resident complaints and disputes. 6. Financial Management: The management agreement might address financial matters, such as rent collection, accounting procedures, and financial reporting requirements. It may also outline the management company's responsibilities in paying expenses, taxes, and utilities on behalf of the park. Types of New York Management Agreements of Mobile Home Parks: 1. Full-Service Management Agreement: This type of agreement involves the management company overseeing all aspects of the park's operations, including maintenance, resident relations, and financial management. 2. Partial Management Agreement: This agreement allows the management company to perform only specific agreed-upon management services, such as rent collection or maintenance. Other responsibilities may remain with the mobile home park owner or operator. 3. Consulting Agreement: In some cases, a mobile home park owner may engage a management company for consulting services rather than full-time management. This type of agreement typically involves providing recommendations and advice on improving park operations and efficiency. In conclusion, the New York Management Agreement of Mobile Home Park is a comprehensive legal document that governs the relationship between a mobile home park owner/operator and a management company. It ensures clear communication and delineates the responsibilities of each party involved in managing and maintaining the mobile home park efficiently and effectively.
