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Property Management Agreement - 22164 Umland Cir, Jenner, CA 95450.docx

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Description

AMENDMENT TO PROPERTY MANAGEMENT AGREEMENT AND SHORT-TERM RENTAL CO-HOST ADDENDUM This Amendment ("Amendment") is made effective as of May 19, 2025, by and between Beagle LFTY0454 DAO LLC ("Landlord" or "DAO") and ECO Systems, LLC ("Manager"), collectively referred to as the "Parties," to amend the Property Management Agreement and the Short-Term Rental Co-Host Addendum (collectively, the "Agreements") dated May 12, 2025, concerning the property at 22164 Umland Cir, Jenner, CA 95450 ("Premises")

Extracted Content

AMENDMENT TO PROPERTY MANAGEMENT AGREEMENT AND SHORT-TERM RENTAL CO-HOST ADDENDUM This Amendment ("Amendment") is made effective as of May 19, 2025, by and between Beagle LFTY0454 DAO LLC ("Landlord" or "DAO") and ECO Systems, LLC ("Manager"), collectively referred to as the "Parties," to amend the Property Management Agreement and the Short-Term Rental Co-Host Addendum (collectively, the "Agreements") dated May 12, 2025, concerning the property at 22164 Umland Cir, Jenner, CA 95450 ("Premises"). This Amendment is executed pursuant to Section 28 of the Property Management Agreement, requiring approval by a supermajority vote of not less than sixty percent (60%) of the outstanding voting interests of the DAO. Termination for Cause : Section 3 of the Property Management Agreement and the Termination section of the Short-Term Rental Co-Host Addendum are amended to include the following: "The Landlord, through its DAO Officer or a supermajority vote of DAO members, may terminate the Agreements with thirty (30) days' written notice for cause, defined as: (a) Manager's failure to meet any performance metrics outlined in Section 19 of the Property Management Agreement or the 4.7-star aver