Common use of Property Management Agreements Clause in Contracts

Property Management Agreements. If, in addition to or in lieu of any Borrower-Operator Agreement, Xxxxxxxx enters into a property management agreement or other document outlining procedures for managing the Healthcare Facility (“Management Agreement”), such agreement or document must be approved by HUD, must include HUD-92071-ORCF, Management Agreement Addendum, and must be consistent with Program Obligations. Any management agent must be approved by HUD and must execute and deliver a Management Agent Certification – Residential Care Facilities (form HUD-9839-ORCF, or successor form) in such form as approved by HUD.

Property Management Agreements. If, in addition to or in lieu of any Borrower-Operator Agreement, Xxxxxxxx enters into a property management agreement or other document outlining procedures for managing the Healthcare Facility (“Management Agreement”), such agreement or document must be approved by HUD, must include HUD-92071HUD- 92071-ORCF, Management Agreement Addendum, and must be consistent with Program Obligations. Any management agent must be approved by HUD and must execute and deliver a Management Agent Certification – Residential Care Facilities (form HUD-9839-ORCF, or successor form) in such form as approved by HUD.