management contract draft.doc - CONDOMINIUM MANAGEMENT AGREEMENT AGREEMENT made as of this date by and between Queensberry Place Condominiums under

management contract draft.doc - CONDOMINIUM MANAGEMENT...

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CONDOMINIUM MANAGEMENT AGREEMENT AGREEMENT made as of this date by and between Queensberry Place Condominiums under Declaration of Trust duly recorded with the Suffolk County Registry of Deeds, as amended of record, if at all, acting by and through its Trustees ("Owner"), and Copley/Finch Management Corp., a Massachusetts corporation having a usual place of business at 896 Beacon Street, Boston, Massachusetts 02215 ("Manager"). W I T N E S S E T H : WHEREAS, the Owner is the Board of Trustees of the association of unit owners (“Unit Owners”) of the Queensberry Place Condominiums ("Condominium"), and has responsibilities for the real property comprising the common areas and facilities of the Condominium situated at 31-35 Queensberry Street, Boston, Massachusetts ("Property"), of which the Condominium contains 48 units WHEREAS, the orderly and uniform administration, maintenance, appearance, upkeep, management and regulation of the Property is necessary and essential for the preservation and promotion of the interests of the Owner, the protection of the economic values thereof, including the value of the Property and the convenience and well-being of the Owner and Unit Owners; and WHEREAS, the Owner deems it necessary and appropriate to employ a manager for the Owner’s interests in the Property, and the Owner represents that, pursuant to the by-laws of the Condominium, the Owner is authorized to appoint a manager to permit and facilitate the management and regulation of the Property and has the power to enter into this Agreement with the Manager; NOW, THEREFORE, for good and valuable consideration and in consideration of the foregoing premises and the mutual promises and covenants herein made, it is agreed as set forth herein. 1. EMPLOYMENT . The Owner hereby employs the Manager as the exclusive manager of the common areas and facilities of the Property and the Owner’s interests in the Property, and the Manager hereby accepts such employment. 2. TERM . Unless sooner terminated as provided elsewhere herein, this Agreement shall be in effect for a period of two (2) year(s), commencing on the first day of November 2010, and ending on the last day of October 2012, plus the days in which the Manager renders services to Owner, if at all, during the partial month (if applicable) immediately preceding the first complete month. Notwithstanding the foregoing, (a) either party hereto shall have the right to terminate the term of this Agreement without cause at any time after the date hereof by giving at least ninety (90) days prior written notice to the other party of such termination, and/or (b) either party hereto shall have the right to terminate the term of this Agreement with cause at any time after the date hereof by giving written notice specifying the grounds for cause and the failure of the other party to cure within thirty (30) days after such notice.
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