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CBLD Online Recorded Workshop: Starting off Right with your New General Manager.CBLD Online Recorded Workshop: Setting a Process for GM Compensation.
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CBLD Online Recorded Workshop: GM Evaluation Process.CBLD Online Recorded Workshop: Building a Successful Board-GM Relationship.What value does the contract bring to the relationship from the perspective of the board? From.Do we understand the difference between a contract and an agreement?.Do we understand why we would use a contract? (Because we’ve always done it is not.Number and label pages carefully to ensure there’s no confusion about the content of the.Include your co-op’s legal name and be sure it is signed by an authorized board member.Don’t be surprised if your GM wants her attorney to review it too.Seek legal review of your contract prior to executing it.Agree to a process for developing the document with your GM.Use the CBLD template as a model: don’t re-invent the wheel!.Only use a contract to enhance the board/GM relationship: if it doesn’t add value, don’t use a contract.Maintain appropriately confidential records including the contract, and ensure that successive boards have access to the GM’s employment records as needed.Expectations for job duties are generally found in board policies.) (See theĬBLD resources on the GM Compensation Process. Put specifics about job duties and compensation in an appendix to the contract itself.Always clarify that the general manager is an at-will employee.Contracts in the context of at-will employment may create confusion about expectations on the part of either the board or the general manager.
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It’s recommended to send any legal notice via USPS Certified Mail (with return receipt). After notice is provided, the tenants should be contacted by either the landlord or owner to let them know of the change. In most agreements, there is a kick-out clause that allows either party to cancel the agreement with sufficient notice provided, usually thirty (30) days. A notice to terminate a property management agreement allows an owner to void their contract with a property manager.
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