Common Contracts
1 similar Management Agreement contracts
ContractManagement Agreement • May 5th, 2020
5/10/2016 Enacted by Chapter 381, 2016 General Session 2016 Definitions. As used in this chapter: "Commission" means the Real Estate Commission created in Section 61-2f-103. "Director" means the director of the Division of Real Estate. "Division" means the Division of Real Estate created in Section 61-2-201. "Management agreement" means an agreement between a person and each owner of an undivided fractionalized long-term estate in a piece of real property under which the person agrees to manage the leasing or operations of the real property. "Master lease" means an agreement under which a person is granted a leasehold interest in real property and may sublease all or a portion of the real property to one or more persons. "Master lease tenant" means the lessee in a master lease. "Sponsor" means a person who is the original seller of an undivided fractionalized long-term estate. "Undivided fractionalized long-term estate" means an ownership interest in real property by two or more person
