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CHAPTER 4 MANAGEMENT AGENTS AND MANAGEMENT - HUD

CHAPTER 4 MANAGEMENT AGENTS AND MANAGEMENT - HUD 2025

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Chapter 4 outlines the procedures for selecting and approving management agents and management fees for projects. It details the responsibilities of project owners in choosing agents, types of management entities (owner/managers, identity-of-interest agents, and independent fee managers), and the necessary lender approvals. The chapter also discusses the requirements for management agreements, including provisions related to HUD's rights, management fees' reasonableness, and conditions under which fees can be negotiated or changed. Additionally, it emphasizes the importance of comparing management fees to ensure they are reasonable and justifiable.

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What is hud form 9832?

HUD 9832 is a form used by HUD-approved housing counselors or loan servicers to document a homeowners completion of housing counseling. This form is used to document the counseling sessions and provide information on the homeowners options for avoiding foreclosure.

What is a management entity profile?

This Management Entity Profile requests you to provide information on the Management Entitys organization and how it operates. This profile does NOT ask for information on the operation of individual developments.

What is a management entity?

Management Entity means a publicly or privately owned entity acting as an agent of the owner responsible for the proper and safe long-term management of the LOSS.

What is hud form 9839?

Agent shall comply with HUD requirements and contract obligations. Agent certifies that that no payments have been made to the Borrower (or Operator, as applicable) in return for awarding the management contract to the Agent, and that no such payments will be made in the future.

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