The Short Form Property Management Agreement is designed for situations requiring a straightforward but comprehensive arrangement for professional property management services in England and Wales. It's particularly suitable for single properties or smaller portfolios where a full-length agreement might be excessive. The document covers essential aspects including service scope, fee structures, maintenance responsibilities, and regulatory compliance, while remaining accessible and practical for both parties. It provides sufficient protection while avoiding unnecessary complexity typically found in longer-form agreements.
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1. Parties: Identification of property owner and management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of management services to be provided
5. Fees and Payments: Management fees, payment terms and additional charges
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of the Manager: Key responsibilities and duties of the property manager
8. Obligations of the Owner: Key responsibilities and duties of the property owner
1. Insurance: Details of insurance requirements and responsibilities for both parties
2. Emergency Procedures: Procedures for handling emergency situations and out-of-hours responses
3. Compliance with Laws: Specific regulatory compliance obligations and responsibilities
1. Schedule 1: Property Details: Detailed description of the managed property including address, features, and specific requirements
2. Schedule 2: Services Specification: Detailed breakdown of all management services to be provided
3. Schedule 3: Fee Schedule: Detailed breakdown of all fees, charges and commission structures
4. Schedule 4: Key Performance Indicators: Performance metrics, service levels and reporting requirements
Relevant legal definitions
Agreement
Building
Business Day
Commencement Date
Common Parts
Fees
Force Majeure
Initial Term
Management Services
Manager
Owner
Property
Regulatory Requirements
Service Charge
Service Level Standards
Term
Termination Date
VAT
Working Hours
Additional Services
Emergency
Insurances
Maintenance
Operating Expenses
Property Manager's Representatives
Quarter
Schedule of Services
Service Provider
Utilities
Building
Business Day
Commencement Date
Common Parts
Fees
Force Majeure
Initial Term
Management Services
Manager
Owner
Property
Regulatory Requirements
Service Charge
Service Level Standards
Term
Termination Date
VAT
Working Hours
Additional Services
Emergency
Insurances
Maintenance
Operating Expenses
Property Manager's Representatives
Quarter
Schedule of Services
Service Provider
Utilities
Clauses
Appointment
Duration and Termination
Management Services
Fees and Payment
Property Manager's Obligations
Owner's Obligations
Insurance
Liability and Indemnity
Force Majeure
Confidentiality
Data Protection
Health and Safety
Compliance with Laws
Financial Management
Reporting Requirements
Emergency Procedures
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law and Jurisdiction
Maintenance and Repairs
Service Standards
Record Keeping
Authority and Instructions
Termination Consequences
Entire Agreement
Variation
Severability
Third Party Rights
Duration and Termination
Management Services
Fees and Payment
Property Manager's Obligations
Owner's Obligations
Insurance
Liability and Indemnity
Force Majeure
Confidentiality
Data Protection
Health and Safety
Compliance with Laws
Financial Management
Reporting Requirements
Emergency Procedures
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law and Jurisdiction
Maintenance and Repairs
Service Standards
Record Keeping
Authority and Instructions
Termination Consequences
Entire Agreement
Variation
Severability
Third Party Rights
Relevant Industries
Relevant Teams
Relevant Roles
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