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Document Preview Assignment of Property Management Agreement |
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Title: |
Assignment of Property Management Agreement |
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Entities: |
Brentway Management LLC; Cedar Shopping Centers Inc.; Point Associates, LP; SKR Management Corp. |
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Date: |
2002 |
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Size: |
3KB total |
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Price: |
$31 |
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ID: |
#254840 |
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ASSIGNMENT OF PROPERTY MANAGEMENT AGREEMENT
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This Assignment of Property Management Agreement ("Assignment") made as
of January 1, 1996 by and between SKR MANAGEMENT CORP., a New York corporation
("Assignor") and BRENTWAY MANAGEMENT LLC, a New York limited liability company
("Assignee").
BACKGROUND
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(a) Assignor has entered into a Property Management Agreement
("Agreement") dated as of December 1, 1994 with The Point Associates, L.P., a
Pennsylvania limited partnership ("Owner") with respect to the land and
improvements owned by Owner, known as The Point Shopping Center, Union Deposit
Road and I-83, Harrisburg, Pennsylvania ("Property").
(b) Pursuant to the Agreement, Owner retained Assignor as its exclusive
agent for the purposes of leasing and managing the Property on behalf of the
Owner.
(c) Assignor desires to assign its rights and obligations under the
Agreement to Assignee and Assignee desires to assume such rights and
obligations.
NOW, THEREFORE, in consideration of the agreements and covenants herein
contained, and for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound hereby,
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