Are Management Agreements Encumbrances?
| By Douglas Wignall Owners should consider the effects of this both on the marketability of the hotel and also its value Hotel owners negotiating management agreements will invariably find a provision in the operator’s standard form of management agreement restricting the sale of the hotel unless the management agreement is also transferred to the purchaser. This means that the owner cannot sell his property unencumbered or with vacant possession.
Related Questions
- What are the main differences between the different types of hotel management agreements (management, ownership, franchising, etc)?
- Are there any restrictions when renting a vehicle under the Military Traffic Management Command (MTMC) rental agreements?
- Aside from Management Agreements, Rental Lease and Rental Application, what other forms or contracts will we need?
