Investor Management Agreement Addendum
Don’t change your management agreement for anyone. Leave all the language as it is, even when you want to cut a deal with an investor / negotiator / bank / large player. Use an addendum and attach it to the management agreement with whatever changes you want to make. There are strong protections in a well crafted PMA and you don’t want to tinker with the basic language. Here is the right document to make your changes to fees etc. It modifies the management agreement without carving it up. You don’t want another party crossing out important language in the original document because it’s hard to figure out what to leave, how it’s going to affect the whole agreement and erode important protections for you. Add this page, make specific changes and leave the basic document alone. This document will get the job done without diluting all the protection laid out in your property management agreement.