This form can be used for condominium owners’ association managers who are not licensed real estate brokers providing property management services under Texas Occupations Code chapter 1101.
Association Management Agreement
Basic Information
Date:
Condominium Owners’ Association:
Condominium Owners’ Association’s Address:
Condominium Owners’ Association Manager:
Condominium Owners’ Association Manager’s Address:
Subdivision/Condominium Complex:
Single-Family Residential Real Property: A single-family home or a unit in a condominium, cooperative, row home, or townhome. Single-Family Residential Real Property does not include a duplex, triplex, or fourplex unless the unit is owned as a condominium, cooperative, row home, or townhome.
A.Services
A.1.Condominium Owners’ Association Manager will provide the following association management services [on-site] for the Condominium Owners’ Association only as authorized by the Condominium Owners’ Association board of directors. The services include contracting and paying for maintenance, repair, replacement, and other services incidental to the management of the Condominium Owners’ Association and the common areas of the Subdivision/Condominium Complex as set forth in the governing documents for the Condominium Owners’ Association.
A.2.Unless Condominium Owners’ Association Manager is or becomes licensed as a broker under the Texas Occupations Code, Condominium Owners’ Association Manager—
A.2.a.will not engage in any activity for which a license is required under Texas Occupations Code, chapter 1101, and Texas Administrative Code rules promulgated by the Texas Real Estate Commission; and
A.2.b.will not control the acceptance or deposit of rent for Single-Family Residential Real Property located in the Subdivision/Condominium Complex. “Control the acceptance or deposit of rent” includes any one or more of the following activities:
i.use the rent to pay for services related to management of the property;
ii.determine where to deposit the rent; or
iii.sign checks or withdraw money from a trust account.
B.Term (Months)
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Insert the term of the condominium owners’ association management agreement in months. |
C.Compensation (Monthly)
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Insert the monthly compensation for the condominium owners’ association manager. |
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Insert additional terms if applicable. |
[Name of association]
By
[Name and title of association officer or agent]
By
[Name of association manager], Condominium
Owners’ Association Manager