Property Management Agreement Between Landlord And Agent for United Arab Emirates

Property Management Agreement Between Landlord And Agent Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes the professional relationship between a property owner and a property management agent. The document outlines the agent's authority to manage real estate assets on behalf of the owner, detailing responsibilities such as tenant management, maintenance coordination, rent collection, and financial reporting. It incorporates specific requirements from UAE federal laws and emirate-specific regulations, particularly those from RERA (Real Estate Regulatory Agency) in Dubai and relevant authorities in other emirates, ensuring compliance with local property management standards and practices.

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What is a Property Management Agreement Between Landlord And Agent?

The Property Management Agreement Between Landlord And Agent is a crucial document used in the UAE real estate sector when property owners wish to delegate the management of their real estate assets to professional property management companies. This agreement is particularly important in major UAE real estate markets like Dubai and Abu Dhabi, where professional property management is common practice. The document must comply with UAE federal laws and specific emirate-level regulations, including RERA guidelines in Dubai. It typically covers comprehensive property management services, including tenant management, maintenance, financial administration, and reporting obligations. The agreement is essential for protecting both parties' interests and ensuring clear accountability in property management operations, while adhering to local real estate laws and market practices.

What sections should be included in a Property Management Agreement Between Landlord And Agent?

1. Parties: Identification of the Landlord and the Property Management Agent, including full legal names, licenses, and contact details

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a property management arrangement

3. Definitions: Key terms used throughout the agreement, including Property, Services, Management Fee, Operating Expenses, etc.

4. Appointment and Term: Formal appointment of the agent, duration of the agreement, and renewal terms

5. Scope of Services: Comprehensive list of property management services to be provided by the agent

6. Agent's Rights and Obligations: Detailed responsibilities and authority of the property manager

7. Landlord's Rights and Obligations: Responsibilities and obligations of the landlord, including provision of necessary documents and information

8. Financial Terms: Management fees, payment terms, expense handling, and financial reporting requirements

9. Maintenance and Repairs: Procedures for property maintenance, spending limits, and emergency repairs

10. Tenant Management: Procedures for tenant selection, lease administration, and rent collection

11. Reporting and Documentation: Required reports, frequency of reporting, and documentation maintenance requirements

12. Insurance and Liability: Insurance requirements and allocation of liability between parties

13. Termination: Grounds for termination, notice requirements, and post-termination obligations

14. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for dispute resolution

What sections are optional to include in a Property Management Agreement Between Landlord And Agent?

1. Multiple Property Management: Additional terms for managing multiple properties, used when the landlord owns multiple properties

2. Marketing Services: Specific terms for marketing vacant properties, if marketing is not included in standard services

3. Staff Accommodation Management: Special provisions for managing staff accommodation properties, if applicable

4. Special Facilities Management: Additional terms for properties with special facilities like swimming pools or gyms

5. Power of Attorney: Terms regarding special authority granted to the agent, if required

6. Real Estate Investment Services: Additional services related to property investment advice and market analysis

7. Project Management: Terms for managing renovation or improvement projects

8. Holiday Home Management: Specific terms for managing properties used as holiday homes or short-term rentals

What schedules should be included in a Property Management Agreement Between Landlord And Agent?

1. Property Schedule: Detailed description of the property/properties, including location, size, facilities, and condition

2. Fee Schedule: Detailed breakdown of all fees, charges, and commission structures

3. Service Level Agreement: Specific performance metrics and service standards

4. Maintenance Contractor List: Approved contractors and service providers for property maintenance

5. Property Management Team: Key personnel assigned to manage the property

6. Operating Procedures Manual: Detailed procedures for day-to-day property management operations

7. Handover Checklist: List of documents and items to be handed over at the start of the agreement

8. Reporting Templates: Standard formats for various reports required under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Management

Facilities Management

Commercial Property

Residential Property

Real Estate Investment

Hospitality

Property Development

Asset Management

Building Management

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities Management

Asset Management

Compliance

Finance

Client Relations

Maintenance

Leasing

Relevant Roles

Property Manager

Real Estate Manager

Asset Manager

Facilities Manager

Building Manager

Real Estate Director

Operations Manager

Leasing Manager

Property Management Coordinator

Real Estate Portfolio Manager

Maintenance Supervisor

Legal Counsel

Compliance Officer

Finance Manager

Client Relations Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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