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Zeidel & Associates Facilitates Sentral’s Expansion into Las Vegas and Portland, OR

Zeidel & Associates represented Sentral in its recent expansion into Las Vegas and Portland, OR, negotiating property management agreements (PMA) for two new properties: Otonomous Hotel in Las Vegas and The Sutton in Portland, highlighting Sentral’s capability to manage both long-term residential rentals and transient short-term rentals. Additionally, the firm facilitated the subordination agreements with the owners’ lenders.

Our team navigated several specific legal and operational challenges to secure a favorable agreement with the property owners. Our team meticulously reviewed, refined, and negotiated terms to address several critical considerations, including:

Performance test
Indemnification clauses
Employee cost management
Non-solicitation restrictions
Branding issues
Assignment rights
Liability limitations
Fee calculations

Each of these elements was carefully negotiated to protect Sentral’s interests and ensure a robust and mutually beneficial agreement.

Concurrently with these negotiations, Zeidel & Associates revised Sentral’s standard PMA form to enhance future transactions. We collaborated with Sentral to develop comprehensive language that effectively communicates its service offerings and fee structures – designed to be adaptable – allowing for customization depending on the deal terms.

The firm is currently negotiating additional agreements for new locations for Sentral.

For more information, visit www.zeidellaw.com https://zeidellaw.com/news/news-resources/zeidel-associates-facilitates-sentrals-expansion-into-las-vegas-and-portland-or/

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