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1. Parties: Identification of the landlord and the real estate agent/brokerage, including full legal names, business addresses, and licensing details
2. Background: Context of the agreement, including the landlord's ownership of property(ies) and desire to engage the agent for property management services
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', 'Tenant', etc.
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the landlord
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
6. Agent's Services and Obligations: Detailed description of services to be provided, including marketing, tenant screening, rent collection, property maintenance oversight
7. Landlord's Obligations: Responsibilities of the landlord, including providing necessary information, maintaining insurance, and property maintenance budget
8. Compensation: Fee structure, commission rates, payment terms, and reimbursement of expenses
9. Insurance and Liability: Insurance requirements and allocation of liability between parties
10. Compliance with Laws: Obligation to comply with relevant real estate and tenancy laws
11. Confidentiality: Protection of confidential information and privacy requirements
12. Dispute Resolution: Process for resolving disputes between parties
13. General Provisions: Standard clauses including notices, assignment, entire agreement, and governing law
1. Multiple Property Management: Additional terms for managing multiple properties, used when the landlord has a portfolio of properties
2. Specialized Services: Terms for additional services like renovation management or property development consulting
3. International Owner Provisions: Special terms for non-resident landlords, including tax considerations and power of attorney
4. Property Management Software: Terms regarding the use of specific property management software or platforms
5. Emergency Services: Special provisions for emergency property management services outside normal business hours
6. Sub-Agency Authorization: Terms allowing the agent to appoint sub-agents or contractors
7. Marketing Budget and Strategy: Detailed marketing terms and budget allocation, used for high-end properties or challenging markets
1. Schedule A - Property Details: Detailed description of the property(ies) covered by the agreement, including addresses and specific features
2. Schedule B - Fee Schedule: Detailed breakdown of all fees, commissions, and charges
3. Schedule C - Service Level Agreement: Specific performance metrics and service standards
4. Schedule D - Maintenance Contractor List: Approved contractors and service providers for property maintenance
5. Schedule E - Property Management Procedures: Detailed procedures for routine property management tasks
6. Appendix 1 - Required Forms: Standard forms used in property management, including lease templates and inspection reports
7. Appendix 2 - Insurance Requirements: Detailed insurance requirements and coverage specifications
Property
Premises
Services
Agent
Broker
Brokerage
Landlord
Owner
Tenant
Commission
Management Fee
Gross Rental Income
Net Rental Income
Term
Commencement Date
Termination Date
Business Day
Emergency
Lease
Rental Agreement
Security Deposit
Operating Expenses
Maintenance
Repair
Marketing Services
Confidential Information
Force Majeure
Applicable Laws
Real Estate Services
Property Management Services
Rental Period
Licensed Personnel
Operating Account
Trust Account
Service Providers
Contractors
Insurance Requirements
Professional Standards
Material Breach
Maintenance Reserve
Marketing Budget
Rental Market
Property Records
Authority
Scope of Services
Term and Renewal
Termination
Compensation
Commission Structure
Property Management Duties
Marketing and Leasing
Maintenance and Repairs
Financial Management
Reporting Requirements
Insurance
Liability
Indemnification
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Intellectual Property
Record Keeping
Compliance
Professional Standards
Emergency Procedures
Force Majeure
Assignment
Subcontracting
Dispute Resolution
Governing Law
Notices
Amendments
Severability
Entire Agreement
Representations and Warranties
Third-Party Rights
Conflict of Interest
Real Estate
Property Management
Residential Property
Commercial Property
Professional Services
Property Investment
Rental and Leasing
Legal
Real Estate Operations
Property Management
Asset Management
Compliance
Contract Administration
Risk Management
Leasing
Property Maintenance
Financial Services
Property Manager
Real Estate Agent
Real Estate Broker
Property Owner
Leasing Manager
Asset Manager
Real Estate Operations Manager
Property Management Director
Compliance Officer
Real Estate Legal Counsel
Portfolio Manager
Building Manager
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