Definition : Management contract

Contract that determines the obligations and the method of remuneration of the condo manager. It can take the form of a contract for services (of enterprise) or of a contract of employment. To improve co-ownership management and increase the manager's transparency with respect to a syndicate of co-owners, the Regroupement des gestionnaires et copropriétaires du Québec (Québec Co-owners and Manager Association)  has created a standard service contract designed specifically for managers and directors. This contract determines a restrictive list of specific services which gives rise to the payment of additional remuneration. Anything not included in this list is included in the manager's annual fee.

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