Property Management Agreement Sample Page 13
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29Columbus, Ohio 43211
Via e-mail:
If to Manager: Address of Management Company
Via e-mail: e-mail address here
The above addressees may be changed by the appropriate party giving written notice of
such change to the other parties.
ARTICLE 12
MISCELLANEOUS
12.1 Assignment. Manager shall not assign its rights under this Agreement without the
prior written consent of Owner; and any purported assignment without Owner's prior written
consent shall be of no effect.
12.2 Special Power of Attorney. Owner authorizes Manager, as attorney-in-fact for
Owner, to enter into and execute Tenant Leases and rental agreements with respect to the
Development on forms approved by Owner; to collect rents and other funds due Owner on
Owner's behalf; and to establish and make deposits into and withdrawals from the Security
Deposit Account and the Operating Account in accordance with the terms of this Agreement.
12.3 Amendments. This Agreement constitutes the entire agreement between Owner and
Manager; and no amendment, alteration, modification or addition to this Agreement shall be
valid or enforceable, unless expressed in writing and signed by the party or parties to be bound
thereby.
12.4 Headings. All headings herein are inserted only for convenience and ease of
reference, and are not to be considered in the construction or interpretation of any provisions of
this Agreement.
12.5 Waiver. The waiver of any of the terms and conditions of this Agreement on any
occasion or occasions shall not be deemed as waiver of such terms and conditions on any future
occasion.
12.6 Illegality. If any provision of this Agreement shall prove to be illegal, invalid or
unenforceable, the remainder of this Agreement shall not be affected thereby.
12.7 Relationship. Nothing contained in this Agreement shall be construed to create a
relationship of employer and employee between Owner and Manager; it being the intent of the
parties hereto that the relationship created hereby is that of an independent contractor. Nothing
contained herein shall be deemed to constitute Owner and Manager as partners or joint venturers.
Sample Property Management Agreement RAD Conversion Sites
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Page 13
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