management agreement

Englisch - Englisch

Definition von management agreement im Englisch Englisch wörterbuch: A contract between an owner of a property and a property management firm in which the firm accepts periodic payments for acting as supervisor of the affairs of the property; An employment contract between the owner of real estate and a property management firm that agrees to oversee the management of the property As is true in any business agreement, the property manager or management firm and the owner of the property should enter into a formal contract The management contract should include the responsibilities specified in the employment agreement, the term and period of the contract, the management policies to be followed, the power and authority of the property manager, and the compensation for the management services Normally, a property manager's compensation is an agreed-upon percentage of gross income The range can vary from a very small amount, perhaps one percent on a large structure, to as much as ten or fifteen percent on a single-unit house; An agreement between an owner of investment property and the firm or individual hired to oversee it Also referred to as property management; An employment contract between the owner of real estate and a property management firm that agrees to oversee the management of the property; A contract between the owner of income property and a management firm or individual property manager that outlines the scope of the manager's authority; - A documented contract agreement between an official body (e g MAFF) and landowners and tenants regarding their management of land Such agreements are a prerequisite of certain incentive payments See ENVIRONMENTALLY SENSITIVE AREA, COUNTRYSIDE STEWARDSHIP SCHEME & COUNTRYSIDE STEWARDSHIP AGREEMENT; A contract between the owner of income-providing property and the individual or firm who will manage that property