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.
Rhode Island Management Agreement of Mobile Home Park is a legally binding contract that governs the rights and responsibilities of the management and the homeowners within a mobile home park located in Rhode Island. This agreement outlines various aspects of the park's operations, maintenance, and financial management, while providing a framework for a harmonious and efficient relationship between the management and the residents. Under the Rhode Island Management Agreement of Mobile Home Park, the management company or property owner, referred to as the "management," assumes the responsibility of overseeing the day-to-day operations of the park. This includes managing park facilities, enforcing park rules and regulations, collecting rent and fees, maintaining common areas, and providing necessary amenities and services. Likewise, the management agreement imposes certain obligations on the homeowners living within the mobile home park, referred to as "residents." These obligations typically entail paying rent and service fees on time, abiding by park rules and regulations, maintaining their individual lots, and respecting the rights and privacy of other residents. Within this agreement, it is common to find provisions that govern rent increases, lease terms, eviction procedures, and dispute resolution mechanisms. It also outlines the responsibilities and limitations of the management company, such as maintenance standards, provision of utilities, insurance coverage, and rent collection procedures. It's important to note that there may be different types of Rhode Island Management Agreement of Mobile Home Park, as they can vary depending on the specific park's ownership structure, regulations, and management models. For instance, there are agreements tailored for privately-owned parks, cooperatively-owned parks, non-profit organization-managed parks, and government-operated parks. In conclusion, the Rhode Island Management Agreement of Mobile Home Park serves as a comprehensive document that establishes the rights and obligations of both the management and residents within a mobile home park. It ensures a well-maintained and functional community, promoting a harmonious living environment for all parties involved.
