Page 27 - Ocean Forest Villas Management Proposal

Management Proposal for Ocean Forest Villas

Management Agreement Cost Proposal

M a n a g e m e n t A g r e e m e n t C o s t P r o p o s a l S u m m a r y

There are three components to the Tradd Management Cost Proposal: the Set‐Up Fee often referred to
as a Transitional Fee, a Management Service Fee and Other Services.

S et-Up Fee

The Set Up Fee is an initial onetime cost. During the transition phase, a large amount of time is allocated
to the collection of information, input of owner, property and tenant data, financial data, property
inspections, contractor meetings, and Board of Directors meetings.

The onetime Set‐Up Fee is $1,500.00.

Management Service Fee

The Management Service Fee is a monthly cost assessed to the homeowner’s association based on a per
owner allocation for services rendered as outlined in the Management Agreement, Section IV A.

The Management Service Fee is a monthly fee of $7,250.00.

Other Services - Attachment A:

The Project Management Fee is a percentage cost charged to the Association for major projects and
improvements provided that Manager receives written authorization from the Board of Directors for
each specific project.

The Project Management Fee is a fee of 5% of the cost of major projects and improvements.

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