Lease-Up Property Management Agreement

1. PARTIES

This Lease-Up Property Management Agreement ("Agreement") is entered into by and between:

• Owner:
• Manager:

2. PROPERTY

Address:

Legal Description:

Units/Spaces:

3. TERM OF AGREEMENT

Start Date:

End Date:

Renewal Terms:

4. MANAGER RESPONSIBILITIES

• Marketing and leasing activities
• Screening of tenants
• Execution of leases
• Collecting rents and deposits
• Property inspections
• Reporting to Owner
• Other:

5. OWNER RESPONSIBILITIES

• Maintain property in habitable condition
• Approve major repairs and expenses
• Provide funds for approved expenses
• Other:

6. COMPENSATION

7. FINANCIAL MANAGEMENT

Bank Account:

Accounting & Reporting:

8. INSURANCE

• Owner's Policy:
• Manager Requirements:

9. TERMINATION

• Notice Requirement:
• Termination Cause:
• Obligations upon Termination:

10. MISCELLANEOUS

• Governing Law:
• Entire Agreement
• Amendments
• Severability
• Notices

IN WITNESS WHEREOF