Multifamily property management agreement
1
MAINEHOUSING MULTIFAMILY
MANAGEMENT AGREEMENT
(Revised 6/11/2015)
This Agreement is by and between:
_______________________________________ Developer
And
________________________________________ Management Agent
1. Definitions.
As used in this Management Agreement:
a. “MaineHousing” means the Maine State Housing Authority.
b. “Development” means:
Project Name: ________________________________________________
Project Number: ________________________________________________
Project Location: ________________________________________________
Number of Units: _____ Type: Elderly ____ Family ____ Special Needs ____
Other facilities including any commercial space and all of the personal property of
whatever nature or wherever situated, used or owned by the Developer in
connection with the operation, maintenance, or management of the said real
property, including without limitation all real and personal property which is the
subject of the Mortgage and Security Agreement assigned or to be assigned to
MaineHousing as security for the mortgage loan and further including Gross
Receipts and all Accounts, Funds and Escrows required to be established and
maintained pursuant to the Loan Documents.
c. “Loan Documents” means all of the financing and program documents executed on
behalf of the property. These documents may include Promissory Notes, Regulatory
Agreements, Housing Assistance Payments Contracts for the Development between
MaineHousing and the Developer, Mortgage and Security Agreements, restrictive
covenants, escrow agreements and other project documents and agreements.
d. “Housing Management Handbook” means the MaineHousing ‘Housing
Management Handbook’, as it may be revised by MaineHousing from time to time.
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Multifamily property management agreement
DOC: 115.9 KB | PDF: 108.1 KB (8 pages)
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Multifamily property management agreement
DOC: 115.9 KB | PDF: 108.1 KB (8 pages)
( 4.4, 14 votes )
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