OCEAN HOUSE RENTAL PROGRAM
Watch Hill Properties LLC Relationship
OWNER | OCEAN HOUSE MANAGEMENT | WATCH HILL PROPERTIES
OWNER | OCEAN HOUSE MANAGEMENT | WATCH HILL PROPERTIES
Watch Hill Properties LLC ("WHP")Represents the Unit Owner and is the exclusive real estate broker for the Ocean House Rental Program, (the Rental Program).
WHP sponsors the Unit Owner into the Rental Program as the Owner's "exclusive broker agent" byway of the Broker Sponsorship Agreement executive by and between WHP and the Unit Owner. Ocean House Management LLC ("OHM")The hospitality / reservation company (by assignment from WHP) to advertise the Program Units in a rent pool marketed as the Watch Hill Inn Villa Residences seeking annual rent from the Rental Program, in addition to enjoying personal owner occupancy.
Unit OwnerWhen accepted into the Rental Program, signs an agreement with OHM referred to as the Unit Reservation Management Agreement (the "URMA") which defines the obligations of the parties. The Owner is defined as the "Participating Owner".
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The URMA is a perpetual document that automatically renews annually provided the Unit is in "good standing" at all times as defined in the URMA.
The Unit Owner may opt in or out of the voluntary Rental Program with specified advanced written notice to OHM and WHP per the URMA. |
