Laserfiche WebLink
<br />any liability for inj1J.ry on or about the property which m'ay be suffered by any employee, tenant <br />or guest upon'the property. Owner agrees to maintain sufficient'and prudent all risks property <br />insurance and that the Manager shall be an 'additionally named insul'ed. Owner shall provide a . <br />copy o'f such insurance policy to the'Manager for the Manager's records. <br /> <br />Compensation of Manager. Owner agrees to compensate Manager on a monthly basis as <br />follows, $600.00 per month. When a Tenant is found for the front office space, there will be no <br />Leasing fee paid, however, at Lease Commencement, the ongoing management fee'of$600.00 <br />shall become 5% of the Net yearly rent in addition to the base fee of $600,00 per month. Owner <br />agrees to pay the Expenses of the building for the ongoing maintenance or repair issu~s that may <br />arise during the tenn of this Agreement. ' <br /> <br />,Term of Agreement,'This Agreement shall be effective as of the lit day ofDecember, 20.Q.2, <br />and shall expire on the 31st day ofDecember, 20.Q1, Upon expiration of the above in.itial term, <br />this Agreement shall automatically be renewed and extended fot a like period of time unless <br />terminated in writing by either party by providing written notice 90 days prior to the date for <br />such renewal. This Agreement may also be terminated by providing written notice 60 days <br />notice by either Facty at any time. Upon termination Owner shall pay to 'Manager any fees, <br />commissions and expenses due Manager undel' terms of this Agreement, which are owing to <br />Manager,' . ' <br /> <br />Successors and Assigns. 1,his Agreement shall be binding upon and inure to the benefit of.the <br />successofsal1d assigns of Manager and the heirs, administrators, successors, and assigns of the <br />Owner..Notwithstanding the precedh1.g sentence, Manager shall not assign its interest under, this <br />Agreement except in connection with the sale of all or substantially all of the assets of its <br />business, In the event of such sale, Manger shall be released from all liability under this . <br />Agreement upon the express assumption of such liability by its assignee. <br /> <br />!his document represents the entire Agreement between the parties hereto. <br /> <br />IN WITNESS WHEREOF l the parties hereto hereby execute this Agr,eement on the date first <br />above written. ' <br /> <br />City of Ramsey <br /> <br />Premier Commercial Properties, Inc. <br /> <br />" <br /> <br />. <br /> <br />-6- <br /> <br />~"'f\ <br />