This Management Contract (“Contract”) is made and entered into as of the Effective Date (defined below), by and
between Heritage Key Association, Inc., a Florida not-for-profit corporation (“Association”), and Heritage Key
Management, LLC, a Florida limited liability company (“Management Company”).
A. Association is the owners’ association of the planned residential community in Osceola County, Florida
(“County”), known as Heritage Key Villas (“Community”).
B. Association was created pursuant to that certain Declaration of Covenants, Conditions, and Restrictions for
Heritage Key Villas, as to be recorded in the Public Records of the County, as the same may be amended from time
to time (“Declaration”) and the Governing Documents (defined in the Declaration).
C. Association desires to enter into this Contract to engage Management Company to furnish management services
and exercise all rights, duties, and responsibilities of Association delegable under applicable law under the
D. Management Company desires to furnish such management services to Association.
For and in consideration of the mutual promises in this Contract and ten and no/100 dollars ($10.00) and other good
and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:
1. Recitals and Terms. The above recitals are true and correct and are incorporated in this Contract by reference.
Capitalized terms which are not defined in this Contract have the same meaning as set forth in the Declaration. The
term “include” and similar terms (e.g., includes, including, included, comprises, comprising, such as, e.g., and for
example), when used as part of a phrase including one or more specific items, are used by way of example and not of
2. Engagement. Association hereby employs Management Company as the exclusive management company of
Association and Management Company hereby accepts such engagement. Management of Associat