Property Management Agreement Sample Page 2
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29NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the
parties hereto mutually agree as follows:
ARTICLE 1
APPOINTMENT AND ACCEPTANCE
1.1 Appointment and Acceptance. Owner hereby appoints Manager to manage, operate,
maintain and otherwise be responsible for renting the residential units in the Development; and
Manager hereby accepts the appointment subject to the terms and conditions set forth in this
Agreement.
ARTICLE 2
TERM
2.1 Term. Agreed up term here.
ARTICLE 3
SERVICES OF MANAGER
3.1 Rentals. Manager shall offer for rent and shall use its best efforts to rent the housing
units in the Development in accordance with all Requirements (as defined below). Manager will
offer for rent, and will rent the dwelling units in the Development, in accordance with the
Leasing Guidelines and the Management Plan, which will incorporate the following Manager
responsibilities:
a) Manager shall select applicants for admission to the PBV units using the screening
criteria that is consistent with the lease requirements, HCV Administrative Plan
policies, Leasing Guidelines (exhibit A) and the Management Plan (exhibit B). The
HCV Administrative Plan is available on the CMHA Website ( ).
Owner shall promptly notify Manager of any revisions, additions or deletions to these
documents.
b) Applicant screening procedures will include verification of credit references and
criminal background checks for all applicants, in accordance with procedures set
forth in the Management Plan. The Manager will also comply with procedures set
forth in the Management Plan for informal review of application rejections for all
applicants, including procedures for review of eligibility or suitability determinations
or denial of preferences for applicants to the PBV Units, consisting of a written
statement of the reason(s) for rejection and an opportunity to meet with a person, or
persons, designated by the Manager other than the person who made the initial
determination.
c) Manager will prepare all Tenant Leases (as defined below) and parking permits if
applicable and will execute the same in the name of the owner.
Sample Property Management Agreement RAD Conversion Sites
Term:
Page 2
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