HomeMy WebLinkAbout62FEB-10-2000 13:33 FROM UNICO PROPERTIES, RENTONN TO 4307300 P.05
MANAGEMENT AND LEAS PIG AGREEMENT
This AGREEMENT, dated this tday of March, 1998 by and berween UNIVERSITY STREET
PROPERTIES II, LLC, a Delaware limited liability company (hereinafter "Owner") and UNICO Properties,
Inc., a Delaware corporation (hereinafter "Manager").
RECITALS
A. Owner owns certain assets and properties described in Schedule A attached hereto and
made a part hereof.
B. Owner desires to engage Manager as its exclusive property manager and leasing agent for
the Property and in connection therewith to manage, operate, maintain, lease and market the Property as the
sole and exclusive management and leasing agent having responsibility therefor, on the terms and conditions
hereinafter set fonts.
C_ Manager desires to accept such employment and is engaged in the business of managing,
leasing, operating and maintaining properties.
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
ARTICLE L PROPERTIES
1.1 List of Properties. The Property shall consist of all of Owner's real and personal property
now or hereafter situated on the real properties described in Schedule A attached hereto, except as to such
items of personalty as Owner may from time to time exclude. As used in this Agreement, Schedule A shall
also mean the amended or revised list of all properties which may from time to time be under the
management of the Manager. Each property listed in Schedule A, which may be amended from time to time,
is hereinafter referred to as a "Property" and more than one Property is referred to as "Properties". Schedule
A may be amended at any time during the continuance of this Agreement with the mutual written consent of
Owner and Manager by Owner's furnishing Manager with a list of the Properry(ies) to be added to cr deleted
from the existing Schedule A. This list shall contain the same information as to each additional Property as in
the case of other Properties previously listed under Schedule A.
ARTICLE 2. TERM: T'iRMTNAT10N
2.1 Initial Term. Manager's duties and responsibilities under this Agreement shall begin on
March 1, 1998, or on the day following the closing of Owner' acquisition of the Property, and shall end on
February 28, 200, unless sooner terminated as provided hettin.
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