Asset Management Agreement (Real Estate) Template for Indonesia

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Key Requirements PROMPT example:

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."

Document background
The Asset Management Agreement (Real Estate) is essential for property owners seeking professional management of their real estate assets in Indonesia. This document is typically used when property owners want to delegate the operational management, strategic planning, and value optimization of their real estate portfolio to specialized professionals. The agreement needs to comply with Indonesian regulatory requirements, including the Basic Agrarian Law, Investment Law, and OJK regulations. It covers comprehensive aspects of asset management, including property maintenance, tenant relations, financial management, and reporting obligations. The document is particularly important for institutional investors, property funds, and large-scale property owners operating in Indonesia who require professional asset management services while ensuring compliance with local regulations and market practices.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

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

Relevant Teams

Legal

Real Estate

Asset Management

Property Management

Operations

Finance

Compliance

Risk Management

Investment

Facilities Management

Business Development

Portfolio Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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