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<p>Ideally, this would not be mandatory. The owner could agree to allow the PM to make a proposal for selling the property in the future as part of a competitive process. . What is the proposed brokerage fee? is it in this PM agreement? I suspect not. Also,
I would only agree to this provision if the property manager has the chops to sell a building of this size and scope (at the time of sale) and the fee arrangement is already established. I would argue a commitment to sole source the brokerage work in the
future would warrant a discounted fee. <span>π</span></p>
<p><span>good luck,</span></p>
<p><span>Katherine</span></p>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> on behalf of Nestor Gorfinkel <nestor@GlcLawyer.com><br>
<b>Sent:</b> Tuesday, April 18, 2023 2:15:54 PM<br>
<b>To:</b> WSBA Real Property Listserv<br>
<b>Subject:</b> Re: [WSBARP] "Linkage" Agreement</font>
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<p class="MsoNormal">I have seen management agreements that include those clauses. However, on behalf of owner I would exempt transfers to related parties, related entities or for estate planning purposes. I would also add refinances, Helocs or other loans
in your case.<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Cordially,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black;mso-ligatures:none">Nestor Gorfinkel, Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black;mso-ligatures:none">Licensed in Florida & Washington State<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black;mso-ligatures:none">Florida Civil-Law (International) Notary<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="mso-ligatures:none">From:</span></b><span style="mso-ligatures:none"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Chris B<br>
<b>Sent:</b> Tuesday, April 18, 2023 4:51 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] "Linkage" Agreement<o:p></o:p></span></p>
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<p class="MsoNormal">One of my property management clients wants a clause in its management agreement whereby the client agrees to also list the property with them if they choose to sell during the term of the contract. I would never agree to such a clause
myself, but aside from that, any thoughts on whether this would be permissible?<o:p></o:p></p>
<p class="MsoNormal"><br>
The same client also has an agreement where he loans money to its clients if they canβt afford to pay for needed repairs. This seems sketchy to me too, but I am curious what everyone else thinks.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="mso-ligatures:none">Chris Benis<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">First Avenue Law Group, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">321 First Avenue West, Seattle, WA 98119<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-ligatures:none">206.447-1900 office β 206.447.9075 fax β www.
<a href="http://firstavenuelaw.com">
firstavenuelaw.com</a> <o:p></o:p></span></p>
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