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Is there a standard form contract between a coop and its management company? How does a board determine what are the standard terms, fees, etc?
Also, is there a way for a Board to determine standard salaries for resident managers and other staff not covered by union agreements? Other than relying on the managing agent?
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Most management companies will provide a contract. Here is a good article regarding contracts. http://cooperator.com/article/negotiating-management-contracts
If you are looking at preparing your own, there are many samples on line such as this one: http://www.uhab.org/sites/default/files/doc_library/Sample_Mgt_Agreement.pdf.
As far as salaries for a resident manager that you hire on your own (versus hiring a company), Indeed.com posts average salaries as well as job postings so that you can compare what other condo's are offering: http://www.indeed.com/salary/q-Property-Manager-l-New-York,-NY.html.
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