Property Management Agreement Sample Page 12
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29necessary expense connected with the maintenance or operation of the Development or
otherwise, Owner shall reimburse Manager therefor within a reasonable time after demand.
ARTICLE 8
COMPENSATION
The Manager will be compensated for its services under this Agreement by the following
fees, to be paid out of the Operating Account and treated as Development expenses:
Such fees will be payable on the first day of each month of the Agreement. Each such
monthly fee will be based on the calculation of add in current compensation verbiage
here.
ARTICLE 9
COOPERATION
If any claims, demands, suits or other legal proceedings which arise out of any of the
matters relating to this Agreement be made or instituted by any person against either Owner or
Manager, Owner or Manager shall give to each other all pertinent information and reasonable
assistance in the defense or other disposition thereof, at its sole expense.
ARTICLE 10
CONSENT
Whenever in this Agreement the consent or approval of Owner or Manager is required,
such consent or approval shall not be unreasonably withheld or delayed. Such consent shall be in
writing, and shall be duly executed by an authorized officer or agent for the party granting such
consent or approval; however, notwithstanding anything in this Agreement to the contrary, if
such consent or approval would be required for Manager to comply with the Requirements,
Manager shall not be responsible for a failure to comply with the Requirements as a result of
Owner's refusal or unreasonable delay to so consent or approve.
ARTICLE 11
NOTICES
Unless otherwise provided for herein, all notices and communications required or permitted
hereunder shall be in writing and shall be deemed to have been duly given: (a) three days after
being sent, if sent by registered or certified mail (return receipt requested, postage prepaid); (b)
when delivered, if delivered personally; or (c) one business day after being sent, if sent by
overnight mail or overnight courier or if sent by e-mail to the e-mail addresses specified below,
in each case to the parties at the addresses set out on page one hereof, and to the Authority as
follows:
If to Owner:
Columbus Metropolitan Housing Authority
Attn: Chief Operating Officer
880 E. Eleventh Avenue
Sample Property Management Agreement RAD Conversion Sites
Term:
Page 12
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