Fee addendum to management agreement
MGMT 401A (11/06; 10/11, 4/12, 12/12, 8/13) Page 1 of 2
Dev. Name: Error! Reference source not found. Dev. #:Error! Reference source not
found.
Management Agent: Error! Reference source not found.
FEE ADDENDUM TO MANAGEMENT AGREEMENT
For All Authority-Financed Developments
(Including Section 8 and Section 236)
This Addendum to Management Agreement made this
day of
20
,
between
(the Owner), whose address is
and
(the Agent), whose
address is
.
The Owner and Agent entered into a Management Agreement (the Agreement)
on
, 20
, for the management of a multifamily housing development known as
, MSHDA Development No.
.
The parties wish to set the amount of the annual compensation of the Agent, as
set forth in Sections 15.1 and 15.2 and re-certify the information disclosed in Section 17
of the Agreement.
NOW, THEREFORE, the parties agree that for the operating year ending on
December 31, 20
:
1. The basic compensation due to the Agent under Section 15.1 of the Agreement
(and as established in the approved Budget) shall equal
, not to exceed the
maximum allowable Management Fee of $496.00 per unit.
2. If the Premium Management Fee is earned by the Agent, the amount of the
Premium Management Fee that may be paid to the Agent under Section 15.2 of
the Agreement (and as established in the approved Budget) shall equal
,
not to exceed the maximum allowable Premium Management Fee of $76.00 per
unit.
3. The Agent certifies as follows:
The information set forth in Section 17 of the Agreement is still true and
correct and no change in ownership and control of the Management
Agent has occurred. (Do not update Schedule 1 of this Addendum.)
The information set forth in Section 17 of the Agreement is no longer
correct. An updated Schedule 1 is included with this Addendum to
identify the changes to the ownership and control of the Management
Agent. The information set forth in the attached Schedule 1 shall replace
the information set forth in Section 17 of the Agreement.
4. All other terms, conditions, and provisions of the Agreement will remain in full
force and effect.
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Fee addendum to management agreement
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Fee addendum to management agreement
DOC: 123.0 KB | PDF: 78.6 KB (2 pages)
( 4.2, 12 votes )
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