Owner/Agent Agreement

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Agreement made as of the ______________day of ____________20____.
Located at___________________________________, (the (“Owner”), and _____________________________
_______________________________ Located at _________________________________, (the “Agent”).

The Owner and the Agent agree as follows:

Article 1

    1. Contract Documents

This Contract consists of the instant Agreement together with the General Conditions of the Contract for Managing Agents and the Management Plan, attached hereto and made a part hereof as if fully set forth herein. The Contract Documents shall be complementary and what is specified in any one shall be as binding as if specified by all.

Article 2
2.1 Exclusive Agency
Owner hereby appoints Agent as the sole and exclusive management agent of Owner’s property known as ____________________________________ (the “Project”), which consists of _____ dwelling units.

Article 3

    1. The Work

The Agent shall perform all the work required by the Contract Documents. All such work shall be in accordance with the provisions of the Contract Documents and the rules and regulations, directives and orders of the New York State Division of Housing and Community Renewal or Commissioner thereof (“DHCR” or “Commissioner”).

Article 4

    1. Term

The Contract shall become effective as of the ________day of __________, 20___, and shall continue in full force and effect until the ____ day of ___________, 20____. Thereafter, it shall continue in full force and effect from month-to-month unless renewed or terminated as provided in the General Conditions Contract for Managing Agents. Notwithstanding the above, the contract shall not be effective or binding unless and until the approval of DHCR is endorsed hereon.

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