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1. Parties: Identifies the parties to the agreement - typically the body corporate/owners corporation and the management rights operator
2. Background: Outlines the context of the agreement, including the property details and purpose of the management rights arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles
4. Appointment and Term: Specifies the appointment of the operator, term length, and any renewal options
5. Duties and Responsibilities: Detailed outline of the caretaking and management duties to be performed
6. Standard of Performance: Specifies the required quality and standard of services to be provided
7. Remuneration: Details of management fees, payment terms, and review mechanisms
8. Insurance Requirements: Specifies required insurance coverage and minimum policy values
9. Compliance Obligations: Outlines regulatory compliance requirements and reporting obligations
10. Default and Termination: Describes events of default and termination procedures
11. Assignment and Transfer: Conditions and procedures for transferring management rights
12. Dispute Resolution: Procedures for handling disputes between parties
13. General Provisions: Standard boilerplate clauses including notices, governing law, etc.
1. Letting Rights: Include when the operator will have rights to operate a letting business for the property
2. Performance Bond: Include when a security deposit or performance bond is required
3. Training and Handover: Include for new operators requiring initial training
4. Building Manager's Unit: Include when a resident manager's unit is part of the arrangement
5. Marketing and Promotion: Include when the operator has specific marketing responsibilities
6. Staff and Contractors: Include when the operator needs specific provisions about engaging staff or contractors
7. Exclusivity Provisions: Include when granting exclusive rights for certain services
8. Body Corporate Assets: Include when the operator will use or manage specific body corporate assets
1. Schedule 1 - Property Details: Detailed description of the property and common areas covered by the agreement
2. Schedule 2 - Duties Schedule: Comprehensive list of specific duties and their frequency
3. Schedule 3 - Remuneration Details: Detailed breakdown of fees and payment arrangements
4. Schedule 4 - Performance Criteria: Specific metrics and standards for measuring performance
5. Schedule 5 - Equipment and Facilities: List of equipment and facilities provided or maintained
6. Schedule 6 - Required Insurance: Detailed insurance requirements and minimum coverage levels
7. Appendix A - Site Plans: Plans showing areas covered by the management rights
8. Appendix B - Forms and Reports: Templates for required reporting and documentation
9. Appendix C - Body Corporate Rules: Relevant body corporate by-laws or rules
10. Appendix D - Handover Checklist: List of items and information to be provided during handover
Approved Budget
Body Corporate
Building
Building Manager's Unit
Business Day
Business Hours
Caretaking Duties
Commencement Date
Common Property
Contractors
Default Event
Duties Schedule
Emergency
Expiry Date
Facilities
Force Majeure Event
GST
Initial Term
Insolvency Event
Letting Activities
Letting Pool
Letting Rights
Lot
Lot Owner
Management Rights
Manager
Notice
Occupier
Option Period
Owner
Performance Standards
Premises
Qualifying Transfer
Related Entity
Remuneration
Renewal Term
Resident Manager
Scheme
Service Contractor
Services
Strata Plan
Strata Scheme
Term
Transfer
Unit
Term and Renewal
Duties and Obligations
Performance Standards
Remuneration and Fees
Letting Rights
Insurance and Indemnity
Default and Termination
Assignment and Transfer
Compliance
Reporting Requirements
Access Rights
Maintenance and Repairs
Emergency Procedures
Health and Safety
Confidentiality
Dispute Resolution
Force Majeure
Representations and Warranties
Record Keeping
Staff and Contractors
Equipment and Facilities
Building Manager's Unit
Financial Management
Marketing and Promotion
Training and Handover
Intellectual Property
Notices
Governing Law
Variations
Entire Agreement
Severability
GST and Taxation
Relationship of Parties
Real Estate
Property Management
Hospitality
Tourism Accommodation
Strata Management
Facility Management
Corporate Services
Legal Services
Legal
Property Management
Operations
Compliance
Real Estate
Facilities Management
Contract Administration
Asset Management
Risk Management
Corporate Services
Resident Manager
Body Corporate Manager
Strata Manager
Property Manager
Facilities Manager
Operations Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Building Manager
General Manager
Contract Administrator
Body Corporate Committee Member
Property Services Director
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