Correspondence
DCR PROPERTY MANAGEMENT
2645 SW 153RD DRIVE DCR.Propeft
BEAVERTON, OR 97005 Management
Phone: 503-641-3309 • Fax: 503-626-2915 _
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PLEASE CALL IF YOU HAVE NOT RECEIVED ALL PAGES.
THANK YOU,
Theresa Valento
Karw Lawson
I)Ze
y
DCR PROPERTY MANAGEMENT, INC.
2645 SW 153rd Drive • Beaverton, OR .97006
Business 503-641-3309 • Fax 503-626-2915
Email: dcrmgmt@hotmaiLcom
City of Tigard
Building Division
Via fax: 503-598-1960
Enclosed is the application for a permit to inspect the rental house
located at 10475 SW Park, Tigard, Oregon. DCR Property Management,
Inc. is the agent for the owner, Edgar Solis, who resides in Utah.
I have also enclosed a copy of our management agreement with Mr. Solis
which went into effect June 20, 2001. If you require verification from the
owner, he has a local cell number which is 503-351-2118.
I understand the fee for this permit/inspection is $75.98 which I authorize
the City of Tigard to charge Discover ( information enclosed) .
Thank you for your assistance.
Theresa Valento
Property Manager
DCR PROPERTY MANAGEMENT, INC. ;Ir 500
2645 SW 153rd Dr.
Beaverton, OR 97006
503-641-3309
503-626-2915 (FAX)
MANAGEMENT AGREEMENT
consideration of the covenants herein contained,
(hereinafter called "Owner"),
ad DCg Property Management; Inc. (hereinafter called "Agent"), agree as follows:
The Owner hereby empl ys the Agent exclusively to rent, lease, operate, and manage the property known as
7 9 7,?-? upon the terms hereinafter set forth for the
period of beginning on the -5;Ld day ogj-c_,•d e_ ,aver/ and ending on the
. S o __day of a o O , and thereafter for annual periods. Either parry may terminate this agree-
ment upon thirty (30) days written notice after the expiration of J months of the original term.
The Agent accepts the employment and agrees:
a) To use .diligence in the management of the premises for the period and upon the terms herein provided, and.agrees
to furnish the services of the organization for the renting, leasing, operating and managing of the herein described
.premises.
b) To..render monthly statements of receipts, expenses, and charges and to remit to Owner receipts less disburse-
-ments. In the event the disbursements shall be in excess-of the rents collected by the Agent, the Owner.hereby
agrees to pay. such excess promptly upon demand of the Agent.
c) To deposit all receipts collected for Owner (less any sum properly deducted or otherwise provided herein) in a
Client's Trust Account (C.T.A.) In a national or state institution qualified to engage in the banking or-trust
business, separate from Agent's personal account. However, Agent will not beheld liable in the event of
bankruptcy or failure of the depository.
3j The Owner hereby gives to the Agent the following authority and powers and agrees to assume the expenses in
connection herewith:
a) To advertise the availability for rental of the herein described premises or any part thereof, and to display "For
Rent' 'signs thereon; to sign, renew and/or cancel leases for the premises or any part thereof, to collect rents due
or to become due and give receipts therefore; to terminate tenancies and to sign and serve in the name of the
Owner such notices as are appropriate;. to institute and prosecute actions:, to evict tenants and to recover
possession of said .premises; tt sue for in the name of the Owner and rdcoveir rents and other sums due; and when
expedient, to settle, compromise and release such actions or suits or reinstate such tenancies. Any lease executed
for the Owner by the Agent shall not exceed / year(s).
b) To make or cause to be made and supervise repairs and alterations, and to do decorating on said premises; to
purchase supplies and- pay all bills therefore. The agent agrees to secure the prior approval of the Owner on all
expenditures in excess of $ 1,5-d e' for any one item, except monthly or recurring operating charges and/or
emergency repairs in excess of the maximum if, in the opinion of the Agent, such repairs are necessary to protect
the property from damage or to maintain services to the tenants as called for in their leases.
c) To hire, discharge, and supervise all labor and employees required for the operation and maintenance of the,
premises; it being agreed that all employees shall be deemed employees of the Owner and not the Agent, and that
the Agent may perform any of its duties through Owner's attorneys, agents or employees and shall not be respon-
sible for their acts, default or negligence or reasonable care has been-exercised in their appointment and retention.
d) To make contracts for electricity, gas fuel, water, telephone, window cleaning, ash or rubbish-hauling, and other
services or suchofthem as the Agency shall deem advisable; the Owner to assume the obligation of any contract
so entered into at the termination of this agreement.
e) To recognize Agent as the broker in any pending negotiations on said premises, or: any part thereof, and in the
event of the consummation thereof Owner shall pay to Agent a commission therefore at the rate prescribed in
Paragraph 4 (e) hereof.
The Owner further agrees:
a) To save the Agent harmless from all damage suits in connection with the management of the herein described
property and from liability from injury suffered by any employee or other person whomever, and to carry, at
his/her own expense, necessary public liability insurance adequate to protect the interests of the parties hereto.
The Agent also shall not be liable for any error of judgment or for any mistake of fact of law, or for anything
which it may do or refrain from doing hereinafter, except in cases of willful misconduct or gross negligence.
b) All refundable deposits will be retained in the C.T.A. until properly allocated at termination ofthe.tenancy to
which they apply.
c) The Agent is hereby instructed and authorized to accrue and pay from the Owner's funds:
Item Company/Address Amount
O Mortgage
( Insurance
HOA Dues
Property Taxes
Other
Funds to Owner
d) To retain in C.T.A. to use for emergency purposes, a minimum of $
e) To pay Agent: eJ;
1. A management fee of-of the scheduled monthly income-
2. A rental (tenant placement) fee of % of the scheduled monthly rent. .
f) Other:
L Rent to be $ per month.
2. Security deposit is to be $ , Pet deposit $
3. Rental terms
4. Owner restrictions 51" ~bMiyta( Q~
Tenants to pay monthly rent in full. A refund from Owner's C.T.A. will be given to tenant for authorized
repairs or services performed by the tenant.
g) If this agreement pertains to more than one (1) unit/property, Agent is authorized and instructed to transfer funds
from one unit/property to another for purposes of prompt. payment of bills.
his agreement shall be binding upon the successors and assigns of the Agent, and the heirs, administrators, executors,
ad assigns of the Owner.
4 WF NESS WHEREOF the parties hereto have affixed or caused to affixed their respective signatures this
l,S day of
Y BY
A nt ~~Owner
roker initials BY
Owner