Multifamily property management agreement
7
17. Developer’s Reservation of Authority.
Notwithstanding any of the foregoing, the Developer hereby excludes as a function or
authority of the Agent and reserves as an exclusive function or authority of the Developer
the following:
18. Interpretive Provisions.
a. At all times, this Agreement will be subject and subordinate to all rights of
MaineHousing , and will inure to the benefit of and constitute a binding obligation
upon the Developer and the Agent and their respective successors and assigns. To
the extent that this Agreement confers rights or benefits upon MaineHousing , this
Agreement will be deemed to inure to MaineHousing’s benefit, but without liability
to MaineHousing , in the same manner and with the same effect as though
MaineHousing were a party to this Management Agreement.
b. This Management Agreement constitutes the entire agreement between the
Developer and the Agent with respect to the management and operation of the
Development and no change will be valid, unless made by supplemental written
agreement of the Developer and the Agent, endorsed by MaineHousing .
c. Agent may not assign its rights and responsibilities under this Management
Agreement, in whole or in part, without the prior written consent of the Developer
and MaineHousing .
d. This Management Agreement has been executed in several counterparts, each of
which shall constitute a complete original Management Agreement, which may be
introduced in evidence or used for any other purpose without production of any of
the other counterparts.
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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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