The manager under this agreement is an independent contractor and can be an individual, corporation, limited liability company or partnership.
A West Virginia Property Management Agreement Regarding Multiple Buildings is a legal document that outlines the terms and conditions between a property owner and a property management company for managing multiple buildings located within the state of West Virginia. This agreement enables property owners to delegate the responsibilities of maintaining, leasing, and overseeing the day-to-day operations of their properties to the management company. The West Virginia Property Management Agreement Regarding Multiple Buildings typically includes various key elements to ensure clarity and protection for both parties involved. These elements may include: 1. Parties involved: The agreement identifies the property owner(s) and the property management company by their legal names and addresses. 2. Property details: The agreement specifies the location of each building, including the address and specific details about each property involved. 3. Duration of the agreement: The agreement determines the length of the contract, which may be for a fixed term or on a month-to-month basis. 4. Management services: The agreement details the range of property management services to be provided by the management company, such as property maintenance, rent collection, tenant communication, financial reporting, and marketing. 5. Compensation and fees: The agreement outlines the financial arrangements between the property owner and the management company, including any management fees, commissions, or additional charges. 6. Maintenance and repairs: The agreement establishes the responsibilities for property upkeep, repairs, and renovations, outlining who will bear the cost and how they will be performed. 7. Tenant management: The agreement sets forth the procedures for tenant screening, leasing, and evictions, as well as the management company's obligations regarding tenant relations and dispute resolution. 8. Insurance and legal compliance: The agreement addresses the required insurance coverage, liability limitations, and adherence to local, state, and federal laws and regulations. 9. Termination clause: The agreement describes the circumstances and procedures for terminating the contract by either party, ensuring a smooth transition in case of dissolution. Different types of West Virginia Property Management Agreements Regarding Multiple Buildings may vary based on the specific needs of the property owner and the management company. For instance, a residential property management agreement may pertain to managing multiple apartment buildings, while a commercial property management agreement may involve overseeing multiple office spaces or shopping centers. The specific terms and conditions within the agreement can be customized to suit the unique requirements of each property owner and the type of buildings involved.
