Property management definition

Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

Property management means the overall management of real property for others for a fee, compensation, or other valuable consideration, and may include the marketing of property, the leasing of property, collecting rental payments on the property, payment of notes, mortgages, and other debts on the property, coordinating maintenance for the property, remitting funds and accounting statements to the owner, and other activities that the commission may determine by administrative regulation;

Property management means any activity associated with the care or maintenance of land or improvements, including business planning and budgeting, accounting, lease administra- tion, tenant relations and retention, security, maintenance of com- mon areas, rent collections, financial reporting, service contract administration and inspections.

Examples of Property management in a sentence

• Except as set forth in the Asset Management Agreement or the Property Management Agreement, as applicable, none of the applicable Asset Manager, the applicable Property Manager or any other Person has any right or claim to any fees, commissions, compensation, or other remuneration in connection with or arising out of the use, occupancy, and operation of any Closing Date Property, except as specified within each Asset Management Agreement or Property Management Agreement, as applicable.

• Until expended or applied in accordance with the provision of this Loan Agreement or the terms of any Property Management Agreement, Bxxxxxxx’s interest in the Deposit Accounts shall constitute additional security for the payment and performance of the Obligations.

• Borrower will not (and will not permit any Subsidiary Guarantor to) enter into, terminate, amend, modify, or extend any Asset Management Agreement or any Property Management Agreement, or consent to any such action on the part of any Asset Manager or any Property Manager, without the prior written consent of Lender, which consent may not be unreasonably withheld, conditioned, or delayed by Lxxxxx.

• Borrower will (or will cause the applicable Subsidiary Guarantor to) promptly notify Lender of any dispute, default, event of default, or repudiation by Asset Manager or Property Manager under the Asset Management Agreement or the Property Management Agreement.

• We welcome any questions you may have for your Whitestone REIT Community Team: Leasing Property Management XXXXXXXXX XXXXXXXXXX Director of Leasing Property Manager Cell XXXXXXXX Cell: XXXXXXX Email XXXXXX Email XXXXXX All general correspondence, lease notifications, and questions should now be directed to WHITESTONE GARDEN OAKS LLC at the following address.

More Definitions of Property management

Property management means engaging in, with the expectation of receiving valuable consideration, the management of real estate owned by another person or advertising or otherwise claiming to be engaged in property management by:

Property management means the marketing, leasing, or overall management of real property for others for a fee, commission, compensation, or other valuable consideration.

Property management means taking actions to obtain, administer, protect, and dispose of real and personal property, intangible property, business property, benefits, and income and to deal with financial affairs.

Property management means the preservation, transfer or disposal of property, including lease or sale of managed assets, consistent with the preservation or enhancement of military facilities in Arizona. Includes any structural reno- vations, construction of building modifications or improvements that mitigate or attenuate impact in high noise or accident potential zones, or removal of structures or improvements that are necessary for acquisition of private prop- erty for the purpose of protecting a military installation.

Property management means the overseeing of real property owned by another person, by ensuring the proper administration of the real property and the preservation of its value, including—

Property management means the day-to-day professional management services in connection with the Partnership's properties. Property management fees paid by anyone to anyone may not exceed the lesser of (i) the competitive rate, or (ii) 5% of actual gross receipts collected and received from all sources. On site personnel for maintenance, etc., will be paid by the Partnership. Property management services must be rendered pursuant to a written agreement which precisely describes the services to be rendered. Such agreement may only be modified by a majority in interest of limited partners, and may be terminated by majority vote or consent of the limited partners following sixty days prior notice thereof by the limited partners.

Property management. This scenario is a little more complex, as described here: • A property owner may delegate the management of the property to another through an agency agreement. In this case, the application is in the name of the owner entity, but it is signed by the agent entity on behalf of that owner entity. Both entities must be included, with the proper signature, per the organization type of the agent. • The property owner may simply sign on its own behalf. • The property management company may manage multiple properties owned by different owner entities by signing a single document in its own name with no reference to the individual owners. Separate accounts may be established for bookkeeping purposes, by referencing the property on a separate address line.