ASSOCIATION FULL-SERVICE MANAGEMENT AGREEMENT
I.
PARTIES INVOLVED IN THIS AGREEMENT
This Agreement is made by and between Village Racquet Club Homeowners Association , a California non-profit mutual benefit corporation, hereinafter called "Association", and Personalized Property Management Company a subsidiary of Warfield Enterprises Inc. , a California corporation, hereinafter called "Management". In consideration of the mutual promises, covenants, and conditions herein contained, Association and Management agree as follows:
II.
APPOINTMENT OF AGENT AND TERM OF AGREEMENT
A. The Association hereby appoints Management, and Management hereby accepts appointment on the terms and conditions hereinafter provided, as managing agent of Association, located in the City of Palm Springs, County of Riverside, state of California. The term of this Agreement shall be for a period of one (1) year beginning on the first day of April 2022 , and ending on the last day of March 2023 , subject to earlier termination by either party as indicated in Paragraph II.D below. This agreement shall automatically renew at the end of the term for a like term thereafter unless either party has given 60 days written notice of intent to terminate or re-negotiate this Agreement. B. It is the intent of the Association that it will have no employees and that all personnel utilized under this agreement shall be employees of Management. As such, Management will hire all personnel for Management's efficient discharge of duties and services enumerated herein (hereinafter "staff personnel"). Management shall designate a specific individual who shall be responsible for the administration of Management's services to be performed under this Agreement (hereinafter "Community Manager"). C. A startup-transition fee equal to one-month management fee applies to this agreement. The fee will be waived upon completion of the first year of service and renewal into the second year. Should Association terminate this agreement within the first year or choose not to renew the agreement into the second year, the startup fee becomes due and will be billed at that time. D. Either party may terminate this agreement by providing sixty (60) days written notice to the other after it has been in effect for 12 months. This termination provision may be invoked with or without cause. Upon such notice of termination, both parties agree that this agreement shall remain in full force and effect for the entire sixty (60) days.
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VRC PPM Proposed Contract 2022 2/4/2022
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