The Resident Manager Contract serves as a crucial document in property management operations across the United States. This agreement is typically used when property owners or management companies need to hire an individual who will both live and work on-site to manage residential or commercial properties. The contract addresses unique aspects of the position, including the dual nature of the employment relationship where housing is part of the compensation package. It must comply with various federal regulations, including the Fair Labor Standards Act, as well as state-specific employment and housing laws. A well-drafted Resident Manager Contract helps prevent disputes by clearly defining roles, responsibilities, compensation, and the terms of both the employment and housing arrangements.
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1. Parties: Identification of the property owner/company and resident manager
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Duties and Responsibilities: Detailed description of resident manager's roles and obligations
5. Compensation: Salary, benefits, and housing arrangements details
6. Work Schedule: Working hours, on-call requirements, and time-off provisions
7. Term and Termination: Duration of agreement and conditions for termination
1. Performance Reviews: Details of evaluation criteria, timing, and review process
2. Training Requirements: Required certifications, ongoing education, and professional development requirements
3. Emergency Procedures: Protocols and procedures for handling emergency situations
1. Schedule A - Job Description: Comprehensive list of duties, responsibilities, and performance expectations
2. Schedule B - Property Details: Specific information about the managed property including address, units, and facilities
3. Schedule C - Compensation Schedule: Detailed breakdown of salary, benefits, housing arrangement, and any performance-based incentives
4. Schedule D - Building Rules and Regulations: Property-specific policies, procedures, and regulations that the resident manager must enforce
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