Common use of Management Plan Clause in Contracts

Management Plan. The Developer shall submit for the approval of the City and Authority a “Management Plan” which sets forth in detail the Developer’s property management duties, the affirmative marketing procedures in accordance with Section 304 hereof, the tenant selection process in accordance with Section 305 hereof, a security system and crime prevention program, the procedures for the collection of rent, the procedures for eviction of tenants, the rules and regulations of the Property and manner of enforcement, a standard lease form in accordance with Section 303 hereof, the identity of the manager of the Property (the “Property Manager”), and other matters relevant to the management of the Property. The Management Plan shall require the Developer to adhere to a fair lease and grievance procedure and provide a plan for tenant participation in management decisions. The management of the Property shall be in compliance with the Management Plan which is approved by the City and Authority. If the City or Authority determines that the performance of the Property Manager is deficient based upon the standards set forth in the Management Plan and in this Agreement, the City and/or Authority shall provide notice to the Developer of such deficiencies, and the Developer shall use its best efforts to correct such deficiencies. In the event that such deficiencies have not been cured within the time set forth in Section 401 hereof, the City and the Authority shall each have the right to require the Developer to immediately remove and replace the Property Manager with another property manager or property management company which is reasonably acceptable to the City and Authority, which is not related to or affiliated with the Developer, and which has not less than five

Management Plan. The Developer shall submit for the approval of the City and Authority a “Management Plan” which sets forth in detail the Developer’s property management duties, the affirmative marketing procedures in accordance with Section 304 7 hereof, the tenant selection process in accordance with Section 305 8 hereof, a security system and crime prevention program, the procedures for the collection of rent, the procedures for eviction of tenants, the rules and regulations of the Property and manner of enforcement, a standard lease form in accordance with Section 303 6 hereof, the identity of the manager of the Property (the “Property Manager”), and other matters relevant to the management of the Property. The Management Plan shall require the Developer to adhere to a fair lease and grievance procedure and provide a plan for tenant participation in management decisions. The management of the Property shall be in compliance with the Management Plan which is approved by the City and Authority. If the City or Authority determines that the performance of the Property Manager is deficient based upon the standards set forth in the Management Plan and in this Agreement, the City and/or Authority shall provide notice to the Developer of such deficiencies, and the Developer shall use its best efforts to correct such deficiencies. In the event that such deficiencies have not been cured within the time set forth in Section 401 15 hereof, the City and the Authority shall each have the right to require the Developer to immediately remove and replace the Property Manager with another property manager or property management company which is reasonably acceptable to the City and the Authority, which is not related to or affiliated with the Developer, and which has not less than fivefive (5) years experience in property management, including significant experience managing affordable multifamily residential development of the size, quality and scope of the Property.

Management Plan. The Developer shall submit for the approval of the City and Authority Agency a “Management Plan” which sets forth in detail the Developer’s property management duties, the affirmative marketing procedures in accordance with Section 304 7 hereof, the tenant selection process in accordance with Section 305 8 hereof, a security system and crime prevention program, the procedures for the collection of rent, the procedures for eviction of tenants, the rules and regulations of the Property and manner of enforcement, a standard lease form in accordance with Section 303 6 hereof, the identity of the manager of the Property (the “Property Manager”), and other matters relevant to the management of the Property. The Management Plan shall require the Developer to adhere to a fair lease and grievance procedure and provide a plan for tenant participation in management decisions. The management of the Property shall be in compliance with the Management Plan which is approved by the City and AuthorityAgency. If the City or Authority Agency determines that the performance of the Property Manager is deficient based upon the standards set forth in the Management Plan and in this Agreement, the City and/or Authority Agency shall provide notice to the Developer of such deficiencies, and the Developer shall use its best efforts to correct such deficiencies. In the event that such deficiencies have not been cured within the time set forth in Section 401 14 hereof, the City and the Authority Agency shall each have the right to require the Developer to immediately remove and replace the Property Manager with another property manager or property management company which is reasonably acceptable to the City and AuthorityAgency, which is not related to or affiliated with the Developer, and which has not less than fivefive (5) years experience in property management, including significant experience managing affordable multifamily residential development of the size, quality and scope of the Property.

Management Plan. The Developer shall submit for the approval of the City and Authority Agency a “Management Plan” which sets forth in detail the Developer’s property management duties, the affirmative marketing procedures in accordance with Section 304 hereof, the tenant selection process in accordance with Section 305 hereof, a security system and crime prevention program, the procedures for the collection of rent, the procedures for eviction of tenants, the rules and regulations of the Property and manner of enforcement, a standard lease form in accordance with Section 303 hereof, the identity of the manager of the Property (the “Property Manager”), and other matters relevant to the management of the Property. The Management Plan shall require the Developer to adhere to a fair lease and grievance procedure and provide a plan for tenant participation in management decisions. The management of the Property shall be in compliance with the Management Plan which is approved by the City and AuthorityAgency. If the City or Authority Agency determines that the performance of the Property Manager is deficient based upon the standards set forth in the Management Plan and in this Agreement, the City and/or Authority Agency shall provide notice to the Developer of such deficiencies, and the Developer shall use its best efforts to correct such deficiencies. In the event that such deficiencies have not been cured within the time set forth in Section 401 hereof, the City and the Authority Agency shall each have the right to require the Developer to immediately remove and replace the Property Manager with another property manager or property management company which is reasonably acceptable to the City and AuthorityAgency, which is not related to or affiliated with the Developer, and which has not less than fivefive (5) years experience in property management, including significant experience managing affordable multifamily residential development of the size, quality and scope of the Property.

Management Plan. The Developer shall submit for the approval of the City and Authority Agency a “Management Plan” which sets forth in detail the Developer’s property management duties, the affirmative marketing procedures in accordance with Section 304 hereof, the tenant selection process in accordance with Section 305 hereof, a security system and crime prevention program, the procedures for the collection of rent, the procedures for eviction of tenants, the rules and regulations of the Property and manner of enforcement, a standard lease form in accordance with Section 303 hereof, the identity of the manager of the Property (the “Property Manager”), and other matters relevant to the management of the Property. The Management Plan shall require the Developer to adhere to a fair lease and grievance procedure and provide a plan for tenant participation in management decisions. The management of the Property shall be in compliance with the Management Plan which is approved by the City and AuthorityAgency. If the City or Authority Agency determines that the performance of the Property Manager is deficient based upon the standards set forth in the Management Plan and in this Agreement, the City and/or Authority Agency shall provide notice to the Developer of such deficiencies, and the Developer shall use its best efforts to correct such deficiencies. In the event that such deficiencies have not been cured within the time set forth in Section 401 hereof, the City and the Authority Agency shall each have the right to require the Developer to immediately remove and replace the Property Manager with another property manager or property management company which is reasonably acceptable to the City and AuthorityAgency, which is not related to or affiliated with the Developer, and which has not less than fivefive (5) years experience in property management, including significant experience managing affordable multifamily residential development of the size, quality and scope of the Property.