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Shopping Center Management Agreement

UPDATE:2021.04.12

C. Refunds. To the extent that it is not paid directly by the operating account, as it allows, the owner must compensate the administrator for all costs and expenses incurred in connection with the manager`s activity under this agreement, including, but not limited to, the following legal costs incurred by the manager on behalf of the owner; 2. All treatments, wages, taxes, workers` benefits, and all other costs and expenses related to the employment of the head of the establishment of any staff responsible for the performance of the manager`s services, provided, however, that these persons devote less time than all the time necessary to carry out the obligations of the administrator under this agreement, the owner is required to reimburse the administrator only for the portion of those labour-related expenses. which correspond to the proportional amount of time based on time. these individuals in the administrative services as part of these measures; and (3) any other overheads of the manager to the extent directly attributable to the property and beyond the normal office overhead. Notwithstanding the above or anything else in this agreement, the administrator is not required to create, lend or contribute to the necessary or desirable resources in the management of the estate, all financial responsibilities remaining in the obligation of the owner; However, if, in the event of an emergency decision or other decision, the administrator imposes prudent management by means or in favour of the property, the administrator has the right to obtain the reimbursement of these funds in accordance with this section. DISCLAIMER: This is just a standard arrangement and cannot be used in all situations. The use of this contract does not constitute a definitive consultation, does not imply or create any relationship between the lawyer and the client. 4. Director`s duties. Over the life of the life, the Administrator undertakes to make his economically reasonable efforts in the leasing, maintenance, operation and management of the property and, in this regard, to fulfill the obligations set out in this section 4 at the owner`s expense, unless expressly provided for in this agreement and, if there are currently available means available. , directly or indirectly made available by the owner to enable the administrator to fulfill these obligations.

During the life of the life, the Manager is committed to providing his best efforts in the leasing, maintenance, operation and management of the property and, in this context, to comply with the obligations defined in this section 4, in accordance with the owner`s instructions. The manager has all operational responsibilities and is compensated by the payment of a fixed management and leasing fee as well as an incentive compensation equal to a portion of the net operating income from the centres, subject to a cap. Mr. Limitation of authority. Unless expressly stated, the administrator may not withhold or withdraw rents more than one month in advance without the owner`s express written consent (except in the normal setting); (2) modify or modify in one way or another the provisions of a tenancy agreement in a way that reduces rent under that rent, shortens the term of the tenancy agreement, imposes additional obligations on the landlord or reduces the tenant`s obligations, including termination, termination or consent to the award of a tenancy agreement; (3) to execute all written documents that expressly exonerate or exonerate a tenant (or a surety as part of a lease guarantee) of his obligations arising from his tenancy agreement (or guarantee); (4) transfer a tenant inside the property; (5) acceptance of any change in the explicit purposes for which the tenant`s premises dispossessed from the tenant have been rented; (6) the acceptance of any subletting of a portion of the estate, any sale of a tenancy by a tenant in that base, or an assignment or other sublease; (7) Recourse on behalf of the owner or other legal remedies