Document background
The Property Management Agreement With Owner is a crucial document used in Indonesian real estate operations when a property owner wishes to delegate the management of their real estate assets to a professional property management company. This agreement is essential for properties ranging from commercial buildings to residential complexes and is structured in accordance with Indonesian law, particularly the Civil Code (Kitab Undang-Undang Hukum Perdata) and relevant property management regulations. The document comprehensively covers management services, financial terms, operational procedures, and compliance requirements. It's particularly important in Indonesia's growing real estate market, where professional property management is increasingly vital for maintaining property values and ensuring compliance with local regulations. The agreement helps establish clear lines of authority, responsibilities, and performance expectations while protecting both parties' interests under Indonesian jurisdiction.
