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Asset Management Agreement (Real Estate)
"I need an Asset Management Agreement (Real Estate) for a portfolio of five mixed-use commercial properties in Jakarta, Indonesia, with special emphasis on green building management and sustainability reporting requirements, to be effective from March 1, 2025."
1. Parties: Identification of the Asset Owner and the Asset Manager, including their complete legal details and registration information
2. Background: Context of the agreement, brief description of the property portfolio, and the parties' intentions
3. Definitions: Comprehensive definitions of terms used throughout the agreement, including technical and financial terms
4. Appointment and Scope: Formal appointment of the asset manager and detailed scope of services to be provided
5. Term and Renewal: Duration of the agreement, conditions for renewal, and termination provisions
6. Asset Manager's Duties and Responsibilities: Detailed description of services, including property management, maintenance, leasing, and financial management
7. Standard of Care and Performance: Performance standards, KPIs, and quality benchmarks for service delivery
8. Fees and Expenses: Management fees, performance fees, reimbursable expenses, and payment terms
9. Reporting and Accountability: Regular reporting requirements, financial statements, and performance reports
10. Authority and Limitations: Scope of asset manager's authority, spending limits, and matters requiring owner approval
11. Compliance and Regulatory Matters: Obligations regarding Indonesian laws, regulations, and licensing requirements
12. Insurance and Indemnification: Required insurance coverage and mutual indemnification provisions
13. Confidentiality: Protection of confidential information and trade secrets
14. Termination: Grounds for termination, notice requirements, and post-termination obligations
15. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law provisions
1. Special Asset Classes: Additional provisions for specific types of real estate assets (e.g., retail, industrial, mixed-use)
2. Development and Construction: Include when the portfolio includes properties under development or major renovation
3. Environmental Matters: Specific provisions for properties requiring environmental management or compliance
4. Foreign Investment Provisions: Required when the asset owner is a foreign entity, addressing specific Indonesian foreign investment regulations
5. Multi-Property Portfolio Management: Additional provisions for managing multiple properties, including portfolio-wide strategies
6. Marketing and Branding: Specific requirements for property marketing and brand management
7. Technology and Systems: Requirements for specific property management systems or technology platforms
8. Staff and Employment: Provisions regarding on-site staff and employment matters when relevant
1. Schedule 1 - Property Details: Detailed description of each property in the portfolio, including legal details and physical characteristics
2. Schedule 2 - Services Scope: Detailed breakdown of services to be provided for each property
3. Schedule 3 - Fee Structure: Detailed calculation of management fees, performance fees, and other charges
4. Schedule 4 - KPIs and Performance Metrics: Specific performance indicators and measurement criteria
5. Schedule 5 - Reporting Templates: Standard formats for regular reporting and financial statements
6. Schedule 6 - Operating Procedures: Standard operating procedures for property management
7. Schedule 7 - Insurance Requirements: Detailed insurance requirements and coverage levels
8. Appendix A - Power of Attorney: Standard form of power of attorney for asset manager's authority
9. Appendix B - Compliance Checklist: Regulatory and compliance requirements checklist
10. Appendix C - Emergency Procedures: Emergency response and business continuity procedures
Authors
Annual Budget
Applicable Laws
Asset Management Fee
Asset Management Services
Asset Manager
Asset Owner
BKPM
Building Management
Business Day
Capital Expenditure
Commencement Date
Confidential Information
Effective Date
Emergency
Environmental Laws
Event of Default
Facility Management Services
Force Majeure
Good Industry Practice
Governing Law
Gross Operating Income
HGB (Hak Guna Bangunan)
HPL (Hak Pengelolaan)
IMB (Izin Mendirikan Bangunan)
Initial Term
Insurance Requirements
Key Performance Indicators
Lease
Lease Agreement
Maintenance Services
Management Reports
Net Operating Income
OJK
Operating Expenses
Operating Procedures
Performance Standards
Performance Fee
Permitted Use
Portfolio
Property
Property Manager
Quarter
Regulatory Approvals
Renewal Term
Reports
Service Level Agreement
Services
SPI (Surat Perjanjian Induk)
Subcontractor
Term
Termination Date
Tenant
Territory
Authority
Services Scope
Term
Renewal
Termination
Fees and Expenses
Payment Terms
Performance Standards
Property Management
Maintenance Obligations
Tenant Management
Financial Management
Reporting Requirements
Regulatory Compliance
Insurance
Indemnification
Confidentiality
Non-Competition
Force Majeure
Assignment
Subcontracting
Intellectual Property
Data Protection
Health and Safety
Environmental Compliance
Emergency Procedures
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Force Majeure
Anti-Corruption
Foreign Investment
Asset Handover
Budget and Planning
Capital Expenditure
Property Records
Staff and Employment
Third Party Contracts
Warranties and Representations
Risk Allocation
Limitation of Liability
Commercial Real Estate
Residential Real Estate
Industrial Real Estate
Retail Real Estate
Hospitality
Mixed-Use Development
Property Management
Facility Management
Real Estate Investment
Property Development
Legal
Real Estate
Asset Management
Property Management
Operations
Finance
Compliance
Risk Management
Investment
Facilities Management
Business Development
Portfolio Management
Asset Manager
Property Manager
Real Estate Director
Investment Manager
Facilities Manager
Legal Counsel
Compliance Officer
Finance Director
Portfolio Manager
Operations Manager
Business Development Manager
Risk Manager
Chief Investment Officer
Property Services Director
Real Estate Investment Analyst
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