Memorandum of Intent and Understanding:
 

Pacific Business KK (PBKK) proposes entering into a Property Management Contract with Mr. Yasutoshi Nobumoto (the Owner) for the following property:

- Proud City Etchujima Mansion Rm. 1302 (the Property)

PBKK desires and the Owner agrees in principle, that PBKK shall manage the Owner's property for a period of 5 years.  PBKK believes it can deliver a higher level of support and performance to the Owner when compared to other management companies.

​

The parties hereby indicate their understanding, that a significant change in market financial conditions may require a different course of action to be discussed and agreed to by the parties.  Therefore, the term of the management contracts shall be deemed to be flexible.

PBKK has multiple years of property management experience and has entered into many Master Lease or Hybrid Management Agreements with owners and companies.  At the time of entering into these agreements, PBKK either had full financial information regarding the property's past historical financial performance or was managing the property at that time and the management agreements were converted to master lease agreements.

Therefore, PBKK proposes a flexible 6 month management period for the Property, which will thereafter convert to a Master Lease or Hybrid Management upon discussions and agreement by the Owner.  This will provide PBKK time to analyze the financial performance of the Property and share this information with the Owner.

PBKK will be responsible for the following management tasks:

• Maintaining Rent Rolls and monthly financial information for the Property.

• Advertising the Property.

• Taking new photographs of the Property.

• Reforming, furnishing, design, and set up for the Property.

• Open Houses and showing the Property.

• Arranging for the arrival and departure of tenants.

• Interior and exterior cleaning and normal minor maintenance.

Suggested Property Improvements