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Commercial real estate as a recurring source of income is only as good as it is managed. Well managed properties not only provide stable income but also hold their underlying value. Management of commercial real estate is mostly outsourced to third parties. Management agreements vary widely according to the type of property managed – official, retail, multi-family, etc. This program will provide you with a practical guide to the types of property management agreements, varying fee arrangements, defining the scope of a manager’s duties, rent collection and operational controls, allocating risk and liability, and much more.
Handout Materials will be emailed to you prior to the seminar
1.0 MCLE Credit Hour
John S. Hollyfield, Norton Rose Fulbright, LLP – Houston, Texas