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.
A West Virginia Management Agreement of Mobile Home Park is a legal contract that outlines the terms and conditions for managing a mobile home park in the state of West Virginia. This agreement serves as a binding document between the mobile home park owner and the management company or individual responsible for overseeing the day-to-day operations and maintenance of the park. The agreement typically covers various aspects of park management, including but not limited to: 1. Responsibilities: The agreement defines the specific responsibilities of the management company or individual, which may include collecting rent, maintaining common areas, enforcing park rules and regulations, handling repairs and maintenance, arranging for utilities, and managing tenant relations. 2. Financial terms: This section outlines the financial provisions of the management agreement, such as the management fee structure, payment terms, and any additional expenses that may be incurred by the management company. It may also mention the procedures for rent collection and the distribution of funds to the mobile home park owner. 3. Duration: The agreement states the duration of the management contract, specifying the start and end dates. It may also include provisions for renewal or termination of the agreement, along with any notice periods required. 4. Tenant relations: This section addresses the management company's approach to tenant relations, including how they handle tenant inquiries, complaints, and dispute resolution. It may also outline the process for screening prospective tenants, enforcing lease agreements, and implementing eviction procedures, if necessary. 5. Maintenance and repairs: The agreement outlines the management company's responsibilities for maintaining the mobile home park's infrastructure, such as roads, landscaping, utility connections, and common areas. It may also detail the procedures for addressing repair requests, emergency situations, and compliance with safety regulations. 6. Park rules and regulations: This section includes a comprehensive list of park rules and regulations that tenants must abide by, covering aspects such as pet policies, noise regulations, parking restrictions, and any other guidelines deemed necessary for maintaining a peaceful and orderly park environment. Types of West Virginia Management Agreements of Mobile Home Park: 1. Individual Management Agreement: This type of agreement involves the appointment of an individual manager who takes on the responsibilities of managing the mobile home park on behalf of the owner. 2. Management Company Agreement: In this case, a management company is hired to handle the management of the mobile home park. The company provides a team of professionals with expertise in various aspects of park management. 3. Exclusive Management Agreement: This type of agreement grants exclusivity to the management company or individual, meaning that they have the sole right and responsibility to manage the mobile home park, barring any involvement from the owner or other parties. In summary, a West Virginia Management Agreement of Mobile Home Park is a crucial document that governs the management and operations of mobile home parks in the state. It ensures a clear understanding of roles, responsibilities, and financial arrangements between the park owner and the management entity.
