Condominium resort rental management agreement sample

Condominium resort rental management agreement sample page 2

Col or ado l im ite d lia bi li ty c o mpa ny ( "Ma nag er" ).

A. Owner is the owner of Condominium Number __________ (the "Condomini um"),

in The Grand Lodge C rested Butte Resort Condominiums (the "Project"), located in Gunnison

County, Colorado.

B. Rights to the use of the Condominium are governed by the cove nants, conditions

and reservations (the “CCRs”) of The G rand Lodge Crested Butt e Resort C ondominium

Association (the “Association”), and by the bylaws, rules, and regulations of the Association as

in effect from time to time (the CCRs and such bylaws, rules, and regulations are referred to

collectively as the “Association Rules”).

C. Ow ner desires that Manager provide rental and other services for the

Condominium, and Man ager is willing to provid e such services to Owner, Own er's guests, and

Condominium Renters (as defined in Section 2 below) under the terms set forth below.

1. Term of Agreement; Termination.

(a) The term of this Agreement shall begin on the date set forth above, and

shall be automatically re newed for succ essive 12 -month periods unless either pa rty terminates

this Agreement in accordance with this Section 1, Section 9, Section 12(a), or Section 14(a).

(b) Either party may terminate this Agreement upon 9 0 days’ written notice to

the other party, but any such termination shall be subject to the obligation of Owner and

Manager to honor any reservations in effec t at the time of such te rmination that are scheduled to

occur within six months from the date the notice of termination is given.

2. Appointment of Manager. Owner appoints Manager as Owner's sole and

exclusive agent to provide rental s ervices for the C ondominium, and Manager accepts such

appointment. Owner authorizes Manager to execute and deliver, on Owner's behalf, oral and

written rental agreements covering th e Condominium upon such terms and to such persons

("Condominium Renters") as Manager, in its reasonable discretion, accepts, and to demand,

receive, and collect all payments under such rental agreements.

3. Manager’s Services . Manager (at its own expense, except as provided in

Section 3(e)) shall provide the following services, any or all of which services M anager may

subcontract and delegate to others (including without limitation to affiliates of the Manager or to

Crested Butte, LLC or any other third party selected by Manager):