Commercial Property Management Agreement for India

Commercial Property Management Agreement Template for India

A comprehensive legal agreement governed by Indian law that establishes the relationship between a property owner and a professional property management company for the management of commercial real estate. The agreement details the scope of management services, responsibilities of both parties, financial arrangements, compliance requirements, and operational procedures in accordance with Indian property laws, including the Transfer of Property Act, RERA, and relevant state-specific regulations. It addresses key aspects such as maintenance, tenant relations, financial reporting, and regulatory compliance while ensuring alignment with local commercial property management practices and legal requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Commercial Property Management Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Commercial Property Management Agreement?

The Commercial Property Management Agreement is a crucial document used when property owners seek to delegate the management of their commercial real estate assets to professional property management companies in India. This agreement is essential for defining the scope of services, establishing clear lines of authority, and ensuring compliance with Indian legal requirements including the Real Estate (Regulation and Development) Act, 2016, relevant state property laws, and local municipal regulations. The document typically covers comprehensive property management services including maintenance, tenant relations, financial management, and regulatory compliance. It is particularly important in the Indian context where commercial property management must navigate complex regulatory requirements, multiple stakeholder interests, and varying local regulations across different states. The agreement provides a legal framework that protects both parties' interests while ensuring professional management of the property in accordance with Indian law and industry best practices.

What sections should be included in a Commercial Property Management Agreement?

1. Parties: Identification of the property owner and the property management company

2. Background: Context of the agreement, including property details and purpose of engagement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment of property manager and duration of agreement

5. Scope of Services: Detailed description of property management services to be provided

6. Manager's Obligations: Key responsibilities and duties of the property manager

7. Owner's Obligations: Responsibilities and obligations of the property owner

8. Financial Management: Rent collection, accounting, and financial reporting requirements

9. Fees and Expenses: Management fees, reimbursable expenses, and payment terms

10. Insurance and Liability: Insurance requirements and allocation of liability

11. Compliance: Regulatory compliance requirements and responsibilities

12. Termination: Grounds and procedures for agreement termination

13. Dispute Resolution: Process for resolving disputes between parties

14. General Provisions: Standard contractual clauses including notices, amendments, and governing law

What sections are optional to include in a Commercial Property Management Agreement?

1. Environmental Management: For properties requiring specific environmental compliance measures

2. Security Services: For properties requiring dedicated security arrangements

3. Marketing and Leasing: When property manager is responsible for tenant acquisition

4. Capital Improvements: For properties requiring significant renovations or improvements

5. Emergency Procedures: For high-risk properties or those requiring specific emergency protocols

6. Staff Management: When property manager is responsible for on-site staff

7. Retail Management: Specific provisions for retail property management

8. Common Area Maintenance: For properties with shared facilities or common areas

What schedules should be included in a Commercial Property Management Agreement?

1. Property Details: Detailed description of the property including address, size, facilities

2. Service Level Agreement: Specific performance metrics and service standards

3. Fee Schedule: Detailed breakdown of management fees and charges

4. Maintenance Schedule: Regular maintenance tasks and frequencies

5. Operating Budget: Annual budget for property operations

6. Insurance Requirements: Detailed insurance coverage requirements

7. Key Personnel: List of key management team members and their roles

8. Reporting Templates: Standard formats for various required reports

9. Emergency Contact List: List of emergency contacts and 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

Jurisdiction

India

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Commercial Real Estate

Retail

Office Space

Industrial

Hospitality

Mixed-use Development

Shopping Centers

Business Parks

Warehousing

Healthcare Facilities

Relevant Teams

Legal

Operations

Facilities Management

Real Estate

Asset Management

Finance

Compliance

Risk Management

Property Management

Maintenance

Relevant Roles

Property Manager

Facility Manager

Real Estate Director

Asset Manager

Operations Manager

Legal Counsel

Compliance Officer

Finance Manager

Maintenance Supervisor

Leasing Manager

Property Owner

Real Estate Portfolio Manager

Chief Operating Officer

Risk Manager

Building Manager

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

Find the exact document you need

Manager And Artist Contract

An Indian law-compliant agreement establishing the professional relationship between an artist and their manager, outlining rights, responsibilities, and commercial terms.

find out more

Cash Management Services Agreement

An Indian law-governed agreement establishing terms for bank-provided cash management services, including collection, disbursement, and liquidity management services.

find out more

Asset Management Agreement (Real Estate)

An Indian law-governed agreement establishing terms for professional management of real estate assets between property owners and asset management companies.

find out more

Managerial Agreement

An Indian law-governed employment agreement defining terms and conditions for managerial positions, including duties, compensation, and obligations.

find out more

Social Media Manager Agreement

An Indian law-governed agreement establishing terms between a social media manager and client, covering service scope, compliance, and deliverables.

find out more

Car Park Management Agreement

An Indian law-governed agreement establishing terms for parking facility management and operations, including responsibilities, revenue sharing, and compliance requirements.

find out more

Employee Management Agreement

An Indian law-governed agreement establishing employment terms, conditions, and management framework between employer and employee.

find out more

Exclusive Artist Management Agreement

An Indian law-governed agreement establishing exclusive representation rights between an artist and their management, outlining duties, compensation, and terms of engagement.

find out more

Management Consulting Agreement

An Indian law-governed agreement establishing terms and conditions for management consulting services, including scope, deliverables, and professional obligations.

find out more

Managing Director Service Agreement

An Indian law-governed agreement establishing employment terms and conditions for a Managing Director, aligned with Companies Act 2013 requirements.

find out more

Asset Management Contract

An Indian law-governed agreement establishing terms for professional asset management services, compliant with SEBI regulations.

find out more

Restaurant Manager Employment Contract

An India-compliant employment contract for restaurant managers, outlining terms, conditions, and responsibilities in accordance with Indian labor laws and food service regulations.

find out more

Vessel Management Agreement

An Indian law-governed agreement between vessel owners and management companies for professional ship management services, outlining operational responsibilities and compliance requirements.

find out more

Producer Management Agreement

An Indian law-governed agreement establishing terms between a producer and their management representative, covering services, commissions, and mutual obligations.

find out more

Interim Management Contract

An Indian law-governed agreement establishing a temporary management relationship between a company and an interim manager, defining key terms, responsibilities, and conditions of engagement.

find out more

Litigation Management Agreement

An Indian law-governed agreement establishing the framework for litigation management services between a law firm and client, including service scope, responsibilities, and fee structures.

find out more

Resident Manager Contract

An Indian law-governed employment agreement for resident managers of residential properties, defining their duties, accommodation, and terms of service.

find out more

Office Manager Employment Agreement

An Indian law-governed employment agreement establishing terms and conditions for an Office Manager position, ensuring compliance with local labor laws and regulations.

find out more

Waste Management Agreement

An Indian law-governed agreement for professional waste management services, detailing collection, disposal, and compliance requirements under Indian environmental regulations.

find out more

Sub Management Agreement

An Indian law-governed agreement delegating management responsibilities from a Principal Company to a Sub-Manager, establishing terms, scope, and compliance requirements.

find out more

Resident Manager Agreement

An Indian law-governed agreement establishing employment terms and accommodation arrangements for a resident property manager.

find out more

Online Business Manager Contract

An Indian law-governed contract template for engaging Online Business Managers, covering service delivery, compensation, and digital business operations.

find out more

Agreement For Appointment Of Managing Director

An Indian law-governed agreement establishing the terms and conditions for appointing a Managing Director in compliance with the Companies Act, 2013.

find out more

Land Management Contract

An Indian law-governed agreement establishing terms for professional land management services, defining parties' rights and obligations under central and state property regulations.

find out more

Parking Management Agreement

An Indian law-governed agreement establishing terms for professional management of parking facilities, including operations, maintenance, and revenue management.

find out more

Money Management Contract

An Indian law-governed agreement between a money manager and client establishing terms for professional financial asset management under SEBI regulations.

find out more

Exclusive Property Management Agreement

An Indian law-governed agreement establishing exclusive property management rights and responsibilities between a property owner and management company.

find out more

Residential Leasing And Property Management Agreement

An Indian law-governed agreement establishing terms for professional management and leasing of residential property, aligned with the Model Tenancy Act 2021 and state regulations.

find out more

Hospital Management Agreement

An Indian law-governed agreement establishing terms for professional management of a hospital facility, defining operational responsibilities and performance standards.

find out more

Branch Manager Agreement

An Indian law-governed employment agreement defining terms, conditions, and responsibilities for branch managers, including operational authority and compliance requirements.

find out more

Management Takeover Agreement

An Indian law agreement governing the transfer of management control between entities, outlining transition terms and compliance requirements.

find out more

Management Employment Contract

An Indian law-governed employment agreement for management-level employees, establishing key terms of employment and compliance with Indian labor regulations.

find out more

Farm Management Agreement

An Indian law-governed agreement establishing terms for professional farm management services, defining operational responsibilities and financial arrangements between farm owners and managers.

find out more

Event Management Partnership Agreement

An Indian law-governed agreement establishing a partnership between parties for event management services, defining operational and financial terms.

find out more

Cash Account Management Agreement

An Indian law-governed agreement between a bank and account holder establishing terms for cash account management services and operations.

find out more

Bar Management Agreement

An agreement governing bar management services in India, establishing operational terms and compliance with state-specific liquor licensing and regulatory requirements.

find out more

Acting Manager Contract

An Indian law-governed agreement establishing the terms and conditions between an actor/performer and their professional manager or management agency.

find out more

Shareholder Management Agreement

An Indian law-governed agreement establishing shareholder rights, responsibilities, and relationships within a company, ensuring compliant corporate governance and stakeholder protection.

find out more

Third Party Management Agreement

An Indian law-governed agreement establishing terms and conditions for third-party management services, including service scope, performance standards, and compliance requirements.

find out more

Non Exclusive Management Agreement

An Indian law-governed agreement establishing a non-exclusive management service relationship between a service provider and principal company.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now