Property Management
The management of investment and income properties comes with surprising legal complexity. Property owners and managers must be cautious that leases don’t conflict with loan documents, construction projects comply with joint venture and other ownership agreements, and leasing agents have appropriate limits on their authorities, among many other considerations. On top of those contractual matters are regulatory requirements that can be both maddeningly vague and unduly onerous. In its 20+ years of representing both owners and managers of commercial and residential properties, and drawing in part on our expertise in real estate brokerage and laws governing residential and commercial leasing, FKSDO has developed an intricate understanding of these legal complexities and how they impact the day-to-day business of property ownership and management. We have developed easy-to-use forms and procedures to help owners and managers not only stay compliant, but do their work better and faster.
Representative Matters:
Represent a major national commercial landlord in both self-management and third-party management properties, including creation of Property Management Agreement (PMA) forms, negotiation of third-party PMAs, compliance with complex loan facilities, ground leases and JV documents, and daily guidance on property management matters.
Represent multi-family developers in negotiations with third-party property managers, including allocation of liability, leasing guidelines in compliance with regulations, loan documents and ground leases
Assist owners of real property in questions surrounding leasing, insurance, construction,
Represent property managers in the creation of PMA and other forms, negotiation of PMAs with owners, and the management of client properties.
Created easy-to-follow guidance for owner and manager clients during the unprecedented and rapid legal developments that arose in the midst of the COVID-19 public health emergency.