Common use of Responsibilities of the Manager Clause in Contracts

Responsibilities of the Manager. The Manager shall serve as an independent contractor and act as the Owner’s exclusive agent for the management of the Property. Manager shall manage, operate, lease, maintain, and service the Property in a manner consistent with first- class professional property management services for similar properties in the market where the Property is located. Manager shall make available to Owner the full benefit of the judgment, experience, and advice of the members of Manager’s organization regarding the policies to be pursued by Owner in operating the Property, and shall perform the services set forth herein and such other services as may be reasonably requested by Owner consistent herewith in managing, operating, leasing, maintaining, and servicing the Property. Manager shall act as a fiduciary to Owner regarding the Property, in accordance with, and subject to the terms of, this Agreement, and in this capacity, Manager shall deal at arm’s length with all third parties and serve Owner’s interests at all times. Manager shall be available for communication with Owner and keep Owner advised of all items that affect the Property in any significant manner.

Appears in 1 contract

Sources: Property Management Agreement (Wahed Real Estate Series 1 LLC)

Responsibilities of the Manager. The Manager shall serve as an independent contractor and act as the Owner’s exclusive agent for the management of the Property. Manager shall manage, operate, lease, maintain, and service the Property in a manner consistent with first- first class professional property management services for similar properties in the market where the Property is located. Manager shall make available to Owner the full benefit of the judgment, experience, and advice of the members of Manager’s organization regarding the policies to be pursued by Owner in operating the PropertyPrope1iy, and shall perform the services set forth herein and such other services as may be reasonably requested by Owner consistent herewith in managing, operating, leasing, maintaining, and servicing the Property. Manager shall act as a fiduciary to Owner regarding the Property, in accordance with, and subject to the terms of, this Agreement, and in this capacity, Manager shall deal at arm’s length with all third parties and serve Owner’s interests at all times. Manager shall be available for communication with Owner and keep Owner advised of all items that affect the Property in any significant manner.. ▇▇▇▇▇ ▇▇▇▇▇ ▇▇. ▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇

Appears in 1 contract

Sources: Property Management Agreement (Wahed Real Estate Series 1 LLC)