Canada Rental Pool Management Agreement for Condo Investment Pool

Hire a manager to manage a condominium building which is part of a vacation rental pool with this Canada Rental Pool Management Agreement for Condo Investment Pool.

• The Agreement is between a property management company and the owner of a strata lot condominium that forms part of an investment rental pool.
• The owner agrees to abide by the rental bookings made by the manager, and indemnifies the manager against any claims or damages due to the owner's failure to abide by the bookings.
• The use and rental of the unit will comply with applicable legislation governing hotel accommodation rentals.
• The manager is responsible for collecting rents, paying expenses and managing the revenues generated from rentals of the unit.
• The manager will maintain one or more bank accounts for the purpose of collecting and disbursing funds under the rental pool. The manager will pay related costs and expenses from rental funds collected, such as maintenance, utilities, valet, laundry services, etc.
• Net revenues will be paid to the owner on a monthly basis.
• The manager will prepare or have prepared audited annual financial statements.

This Canada Rental Pool Management Agreement for Condo Investment Pool is available in MS Word format, and is fully editable to fit your specific circumstances.