This is an agreement between a hotel's owner and a hotel manager. This agreement states that for a specified term, the manager will receive compensation to undertake some of the following duties and responsibilities: (1) pay all operating expenses (2) pay lenders that the owner designates as being owed (3) pay taxes (4) maintain the property and make all the necessary repairs to the property (5) employ individuals to work in the hotel (6) pay the owner, and (7) keep a record of all the monies received and disbursed in connection with the management of the hotel. This form contains standard language; however, additional language may be added. Use this form when hiring a hotel manager.
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