Management Agreement Template for England and Wales

A Management Agreement sets out how one party will manage assets, property, or operations on behalf of another. These contracts are common in real estate, where property owners hire management companies to handle maintenance, collect rent, and deal with tenants. They're also widely used in hotels, investment funds, and business operations across England and Wales.

The agreement spells out each party's duties, fees, decision-making authority, and performance standards. It must comply with UK property and contract laws, including the Landlord and Tenant Act when used for rental properties. Good agreements include clear reporting requirements, termination rights, and liability limits to protect both sides.

Put a Management Agreement in place when you're handing over control of your assets or operations to another party. This is essential for property owners hiring firms to manage their buildings, investors engaging fund managers, or businesses outsourcing operational control to management companies in England and Wales.

The timing is crucial - implement the agreement before any management activities begin. This protects both parties by clearly defining roles, fees, and responsibilities from day one. It's particularly important when dealing with regulated activities, multiple properties, or high-value assets where clear accountability and professional management standards are vital.

• Business Management Agreement: Core template for company operations management, covering executive duties and corporate governance
• Short Term Rental Management Agreement: Specialized for holiday lets and short-stay properties, focusing on rapid turnover and guest services
• Talent Management Agreement: Used in entertainment and sports, outlining representation and career management terms
• Event Planner Contract Agreement: Covers event management services, timelines, and delivery specifics
• Management Agreement Contract: General-purpose template adaptable for various management relationships and services

• Property Owners: Individuals or companies who need professional management of their real estate assets, from single properties to large portfolios
• Management Companies: Professional firms that handle day-to-day operations, maintenance, and tenant relations under Management Agreements
• Legal Advisers: Solicitors who draft and review agreements to ensure compliance with UK property laws and protect client interests
• Asset Managers: Investment professionals who oversee financial portfolios or business operations
• Commercial Tenants: Businesses affected by property management decisions and policies established in these agreements

• Basic Details: Gather full legal names, addresses, and company registration numbers of all parties involved
• Scope Definition: List specific services, properties, or assets to be managed, including any excluded activities
• Financial Terms: Document management fees, payment schedules, expense policies, and any performance-based incentives
• Performance Metrics: Define measurable targets, reporting requirements, and quality standards
• Authority Limits: Outline spending limits, decision-making powers, and approval processes
• Term and Exit: Specify agreement duration, notice periods, and termination conditions
• Document Generation: Use our platform to create a legally-sound Management Agreement that includes all essential elements

• Parties and Scope: Full legal names, addresses, and detailed description of management services
• Duration and Renewal: Clear start date, term length, and renewal conditions
• Compensation Terms: Fee structure, payment schedules, and expense reimbursement policies
• Authority Limits: Specific powers granted and restrictions on decision-making
• Performance Standards: Required service levels and reporting obligations
• Termination Rights: Notice periods and grounds for ending the agreement
• Liability and Insurance: Risk allocation, indemnities, and required coverage levels
• Data Protection: GDPR compliance measures and data handling procedures
• Governing Law: Explicit choice of English law and jurisdiction

A Management Agreement differs significantly from a Agency Agreement, though both involve one party acting on behalf of another. The key differences lie in their scope, authority levels, and legal relationships.

• Authority and Control: Management Agreements grant broader operational control and decision-making power, while Agency Agreements typically limit authority to specific transactions or dealings
• Duration: Management Agreements usually establish longer-term relationships with ongoing responsibilities, whereas Agency Agreements often cover shorter periods or specific projects
• Liability Structure: Managers act more independently, bearing direct responsibility for operations and outcomes. Agents primarily represent their principal's interests and act under closer direction
• Regulatory Framework: Agency relationships in England and Wales are governed by specific agency law principles, while management relationships fall under broader commercial contract law