Property Management Agreement Sample Page 14
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2912.8 Binding Effect. This Agreement shall be binding upon and inure to the benefit of
Owner, its successors and permitted assigns; and shall be binding upon and inure to the benefit
of Manager, its successors and permitted assigns.
12.9 Governing Law. This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Ohio.
12.10 Enforceability. The invalidity of any clause, part or provision of this Agreement
shall not affect the validity of the remaining portions thereof. Owner's remedies under this
Agreement are cumulative, and the exercise of one remedy shall not be deemed an election of
remedies, nor foreclose the exercise of Owner's other remedies. No waiver by Owner of any
breach of this Agreement shall be deemed to be a waiver of any other or subsequent breach.
12.11 Execution of Counterparts. For the convenience of the parties, this Agreement
may be executed in multiple counterparts, each of which shall constitute a complete original of
this Agreement, and may be introduced in evidence or used for any other purpose without the
production of any other counterparts.
12.12 Successors and Assigns. This Agreement shall inure to the benefit of, and
constitute a binding obligation upon, Owner and Manager and their respective successors and
assigns; provided, however, that Manager shall not assign this Agreement or any of its duties
hereunder, without the prior written consent of Owner. In the event Owner's current managing
member, or any successor managing member of Owner, is removed as managing member in
accordance with the Operating Agreement, any successor managing member selected in
accordance with such Operating Agreement shall have authority to act hereunder on behalf of
Owner.
12.14 Reserved.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
Sample Property Management Agreement RAD Conversion Sites
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