RFP for Property Management Services

Property or which may be levied on the basis of ownership or operation of the
Property.
c) Upon request of Owner, Agent shall annually make a review of and submit a report on,
all real estate, personal property and other taxes and all assessments affecting the Property.
d) Upon request of Owner, Agent shall timely file all personal property tax returns after
execution of such returns by Owner.
x. Compliance with Legal Requirements
a) Agent shall use reasonable means to become aware of, and shall take such actions as
Agent deems prudent and necessary to comply with any laws, regulations orders,
plans or requirements affecting the use or operation of the Property by any federal,
state, county, or municipal agency or authority, including but not limited to
compliance with and participation in administrative grievance procedures, provided
that if the cost of compliance in any instance exceeds $5,000.00, Agent shall not
expend funds for compliance without Owner's prior written consent.
b) Owner shall provide Agent with all information necessary for Agent to be fully
informed as to the nature and extent of all programs applicable to the Property,
including, but not limited to, providing copies of regulatory agreements,
management plan, tenant selection criteria, restrictive covenants or other instruments,
whether or not recorded, against the Property which contain operating covenants or
restrictions. -
c) Agent shall promptly, within 24 hours, notify Owner in writing of all such orders,
notices, plans or requirements requiring expenditure of non-budgeted amounts.
Agent, however, shall not take any action as long as Owner is contesting, or has
affirmed its intention to contest and promptly institutes proceedings contesting any law,
order, plan or requirement.
d) Agent shall prepare, execute, and, after obtaining the written approval of Owner, file
any customary and standard reports and documents required by an applicable
governmental authority.
e) Agent covenants and agrees to obtain and maintain all licenses and permits
necessary for the conduct of its business as Agent of the Property. Licenses and
permits specific to the Property shall be expensed to the Property's Operating
Account.
f) Agent’s expense for use of third party consultants or experts, including attorneys,
Property Management Agreement 8
December 2010