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Asset Management Agreement (Real Estate)
"I need an Asset Management Agreement (Real Estate) under Austrian law for managing a portfolio of five commercial properties in Vienna, with specific provisions for sustainability reporting and ESG compliance, to be effective from March 1, 2025."
1. Parties: Identification of the asset manager and the client, including registration details and addresses
2. Background: Context of the agreement and brief description of the property portfolio
3. Definitions: Key terms used throughout the agreement, including technical and legal definitions
4. Appointment and Scope of Services: Formal appointment of the asset manager and detailed description of core services
5. Authority and Powers: Extent and limitations of the asset manager's authority to act on behalf of the client
6. Duties and Responsibilities: Specific obligations of the asset manager in managing the property portfolio
7. Compliance and Regulatory Requirements: Obligations to comply with relevant Austrian laws and regulations
8. Fees and Payment Terms: Structure of management fees, additional charges, and payment procedures
9. Reporting and Documentation: Regular reporting requirements, documentation standards, and deadlines
10. Insurance and Liability: Insurance requirements and limitation of liability provisions
11. Data Protection and Confidentiality: GDPR compliance and confidentiality obligations
12. Term and Termination: Duration of agreement, renewal terms, and termination provisions
13. Handover Procedures: Process for transferring management responsibilities upon termination
14. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction
15. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments
1. ESG Compliance: Environmental, Social, and Governance requirements when managing properties with specific sustainability goals
2. Residential Property Management: Additional provisions when the portfolio includes residential properties subject to Austrian tenancy law
3. Development and Construction: Additional provisions for properties undergoing development or major renovations
4. Multi-Property Portfolio Provisions: Specific provisions for managing multiple properties, including priority rules and resource allocation
5. Consumer Protection Provisions: Additional protective measures when the client is a private individual
6. Special Purpose Vehicle Management: Additional provisions when properties are held through SPVs
7. Crisis Management: Procedures for handling emergency situations and crisis events
8. Sustainability Management: Specific provisions for green building certification maintenance and sustainability reporting
1. Schedule 1 - Property Portfolio: Detailed list and description of properties under management
2. Schedule 2 - Scope of Services: Detailed breakdown of all services to be provided, including frequency and standards
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, including base fees, performance fees, and additional charges
4. Schedule 4 - Service Levels: Specific performance metrics and service level agreements
5. Schedule 5 - Reporting Templates: Standard formats for regular reports and documentation
6. Schedule 6 - Key Personnel: List of key team members and their responsibilities
7. Schedule 7 - Emergency Procedures: Detailed procedures for emergency situations
8. Schedule 8 - Insurance Requirements: Specific insurance coverage requirements and minimum limits
9. Appendix A - Power of Attorney: Format and scope of power of attorney for the asset manager
10. Appendix B - Compliance Checklist: Regulatory compliance requirements and verification procedures
11. Appendix C - Handover Checklist: Detailed list of items and documents required for property handover
Authors
Asset Manager
Client
Commencement Date
Confidential Information
Data Protection Laws
Effective Date
Emergency
Facility Management Services
Fee Schedule
Force Majeure
Good Industry Practice
Gross Operating Income
Initial Term
Investment Guidelines
Key Performance Indicators
Key Personnel
Management Fee
Net Operating Income
Operating Budget
Operating Expenses
Performance Fee
Portfolio
Power of Attorney
Property
Property Management Services
Quarterly Report
Related Parties
Renewal Term
Reporting Period
Service Levels
Services
Strategic Plan
Term
Termination Date
Applicable Laws
Business Day
ABGB
GewO
Professional Standards
Material Adverse Change
Operating Account
Property Schedule
Regulatory Requirements
Special Instructions
Standard of Care
Sustainability Requirements
Third Party Contractors
Value Added Tax
Working Hours
Annual Budget
Asset Management Fee
Base Fee
Capital Expenditure
Handover Procedure
Insurance Requirements
Intellectual Property Rights
Management Report
Notice
Professional Indemnity Insurance
Property Rights
Service Providers
Scope of Services
Authority
Term
Fees and Expenses
Payment Terms
Performance Standards
Asset Manager Obligations
Client Obligations
Regulatory Compliance
Property Management
Reporting Requirements
Budget and Business Plan
Insurance
Liability and Indemnification
Confidentiality
Data Protection
Intellectual Property
Force Majeure
Termination
Assignment
Subcontracting
Notices
Dispute Resolution
Governing Law
Anti-Money Laundering
Health and Safety
Environmental Compliance
Professional Qualifications
Record Keeping
Audit Rights
Service Levels
Key Personnel
Non-Solicitation
Conflict of Interest
Emergency Procedures
Property Access
Third-Party Contracts
Warranties
Amendment
Severability
Entire Agreement
Force Majeure
Handover Procedures
Property Maintenance
Capital Expenditure
ESG Compliance
Risk Management
Real Estate
Property Management
Commercial Property
Residential Property
Mixed-Use Development
Retail Property
Office Property
Industrial Property
Hospitality
Healthcare Property
Student Housing
Senior Living
Logistics
Legal
Asset Management
Property Management
Investment
Operations
Finance
Compliance
Risk Management
Facility Management
Client Relations
Portfolio Management
Real Estate
Property Services
Asset Manager
Property Manager
Real Estate Portfolio Manager
Investment Manager
Facility Manager
Real Estate Director
Chief Investment Officer
Property Operations Manager
Legal Counsel
Compliance Officer
Finance Director
Portfolio Analyst
Real Estate Investment Manager
Asset Management Director
Property Services Manager
Find the exact document you need
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