Local Property Manager definition

Local Property Manager means a natural person residing within 50 miles of the City of Alexandria who is authorized by the rental unit owner to make decisions for the owner about rental, occupancy and maintenance of the rental unit, or a licensed, or bonded, and/or insured company engaged primarily in providing such services for hire.
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Local Property Manager means a reputable person that (a) has at least two (2) years’ experience in the management of at least (A) two hundred fifty (250) residential rental properties, and (B) one hundred twenty-five (125) residential rental properties in the metropolitan statistical areas in which such Person shall be managing Financed Properties (unless the Administrative Agent shall otherwise consent in writing with respect to a Property Manager entering into a new market subject to any conditions specified in such consent), (b) has, in connection with the execution of the applicable Management Agreement, cleared any background checks, credit checks or similar diligence required by the Administrative Agent or Diligence Agent in a manner acceptable to the Administrative Agent in its reasonable discretion, and (c) maintains in good standing all required licenses and permits, and complies in all material respects with all Legal Requirements, applicable to it and to the Borrowers and the Properties it manages.
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Local Property Manager means a person who is responsible for the day-to-day maintenance, upkeep, and security of the property. The local property manager may be the owner of the property.
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Examples of Local Property Manager in a sentence

  • Each Property Manager is a Qualified Property Manager or Local Property Manager, as applicable (including on any date that any such Property Manager begins managing Properties in a new market), and, as of the Closing Date, each Property Manager has complied in all material respects with the applicable Existing Management Agreement.

  • To the extent billed to Seller or the Local Property Manager (as opposed to being billed to any Tenant), water, sewer, gas, electric, and all other utility expenses and payments due or made for the Property shall be prorated as of the Closing Date and thereafter assumed by Buyer; provided, however, that Seller shall terminate all water, sewer, gas electric and all other utility accounts effective as of the first month following the month in which Closing occurs.

  • As used herein, the term “Seller Group” means Seller, its current and former affiliates and related business entities, the Local Property Manager and each of their respective shareholders, members, partners, trustees, agents, employees, officers, directors, successors, assigns, attorneys, insurers, mortgagees and representatives of every kind whatsoever.

  • All such insurance shall be written on an occurrence basis and name Seller, its Local Property Manager, lender and others as required by Seller, provided that the names of such parties are provided to Buyer by Seller prior to the Effective Date, as additional insureds, which insurance shall provide coverage against any claim for personal liability or property damage caused by the Buyer or its agents, employees or contractors in connection with such inspections and tests.

  • Notwithstanding the foregoing, Buyer shall have the right, following two (2) Business Days’ notice to Seller and the Local Property Manager (which notice may be delivered telephonically in the manner provided above), to interview the Local Property Manager and review and make copies of all Property related files of Seller and the Local Property Manager pertaining to the Property, including Tenant correspondence files (but excluding any Protected Information).

  • Notwithstanding the foregoing, Buyer shall have the right, following two (2) business days’ notice to Seller and the Local Property Manager (which notice may be delivered telephonically in the manner provided above), to interview the Local Property Manager and review and make copies of all Property related files of Seller and the Local Property Manager pertaining to the Property, including tenant correspondence files (but excluding any Protected Information).

  • The fourth annual installment shall equal one-half of the aggregate value of the remaining Account at the fourth Annual Installment Date, and the fifth and final annual installment shall equal the remaining value of the Account at the fifth Annual Installment Date.


More Definitions of Local Property Manager

Local Property Manager means the Cortona Local Property Manager and/or the Encore Local Property Manager, as applicable.
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Local Property Manager means a real property management company, real estate firm or realtor which maintains an office or place of business no more than fifty miles from the subject property.
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Local Property Manager means a person or firm charged with overseeing, administering or maintaining real property for a fee on behalf of an out-of-area beneficiary, trustee, or owner of abandoned or distressed residential property located within the city.
Sample 1
Local Property Manager means a reputable person that (a) has at least two (2) years’ experience in the management of at least (A) two hundred fifty (250) residential rental properties, and (B) one hundred twenty-five (125) residential rental properties in the metropolitan statistical areas in which such Person shall be managing Financed Properties (unless the Administrative Agent shall otherwise consent in writing with respect to a Property Manager entering into a new market subject to any conditions specified in such consent),(b) has, in connection with the execution of the applicable Management Agreement, cleared any background checks, credit checks or similar diligence required by the Administrative Agent or Diligence Agent in a manner acceptable to the Administrative Agent in its reasonable discretion, and (c) maintains in good standing all required licenses and permits, and complies in all material respects with all Legal Requirements, applicable to it and to the Borrowers and the Properties it manages.
Sample 1

Related to Local Property Manager

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Franchisor means a person who grants a franchise or master franchise, or an affiliate of such a person. Franchisor includes a subfranchisor with regard to its relationship with a franchisee, unless stated otherwise in this section.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • tour operator means an organiser or retailer, other than the carrier, within the meaning of Article 2(2) and (3) of Directive 90/314/EEC;

  • City Manager means the City Manager of the City.

  • Construction-manager-at-risk means a project delivery method in which:

  • Manager has the meaning set forth in 2.1.

  • Construction Manager means a competent person responsible for the management of the physical construction processes and the coordination, administration and management of resources on a construction site;

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Subfranchisor means a person who is granted a master franchise.

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Facility Manager The Authorized User’s representative who is responsible for the day to day operations of the facility(s) referenced in the Project Definition.