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Property Management Contract Agreement
"I need a Property Management Contract Agreement for a 50-unit luxury residential complex in Mumbai, with particular emphasis on amenities management and security services, to commence from March 1, 2025."
1. Parties: Identification and details of the property owner and the property management company
2. Background: Context of the agreement and brief description of the property and management requirements
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the property manager and duration of the agreement
5. Scope of Services: Detailed outline of property management services to be provided
6. Property Manager's Responsibilities: Comprehensive list of duties and obligations of the property manager
7. Property Owner's Responsibilities: Obligations and commitments of the property owner
8. Financial Management: Terms regarding rent collection, expense management, and financial reporting
9. Fees and Compensation: Management fees, payment terms, and reimbursement structures
10. Insurance and Liability: Insurance requirements and allocation of liability between parties
11. Maintenance and Repairs: Procedures for property maintenance and approval processes for repairs
12. Reporting Requirements: Regular reporting obligations and documentation requirements
13. Termination: Conditions and procedures for termination of the agreement
14. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution
15. General Provisions: Standard contractual provisions including notices, amendments, and force majeure
1. Tenant Management: Include when the property manager is responsible for tenant relations and leasing
2. Marketing Services: Include when the property manager is responsible for marketing vacant units
3. Security Services: Include when security services are part of the management scope
4. Capital Improvements: Include when the manager will oversee major renovations or improvements
5. Multiple Property Management: Include when agreement covers multiple properties
6. Emergency Services: Include when 24/7 emergency response services are required
7. Staff Management: Include when on-site staff management is required
8. Green Building Compliance: Include when property must maintain specific environmental standards
9. Special Facilities Management: Include for properties with special facilities like swimming pools or gyms
1. Schedule A - Property Details: Detailed description of the property, including address, size, and amenities
2. Schedule B - Scope of Services: Detailed breakdown of all management services to be provided
3. Schedule C - Fee Structure: Detailed breakdown of all fees, charges, and payment terms
4. Schedule D - Maintenance Schedule: Regular maintenance tasks and their frequencies
5. Schedule E - Reporting Templates: Standard formats for various required reports
6. Schedule F - Emergency Procedures: Emergency response protocols and contact information
7. Schedule G - Insurance Requirements: Detailed insurance requirements for both parties
8. Appendix 1 - Property Photos and Plans: Current photographs and floor plans of the property
9. Appendix 2 - Authorization Matrix: Approval limits for various types of expenses and decisions
10. Appendix 3 - Key Performance Indicators: Performance metrics for evaluating property management services
Authors
Applicable Laws
Approved Budget
Authority
Building Rules
Common Areas
Commencement Date
Confidential Information
Contract Year
Emergency
Expiry Date
Facility
Force Majeure Event
Gross Operating Income
Initial Term
Insurance Requirements
Lease Agreement
Maintenance Charges
Management Fee
Net Operating Income
Operating Expenses
Owner's Representative
Parties
Performance Standards
Premises
Property
Property Manager
Property Management Services
Property Owner
Rent
Renewal Term
Reports
Security Deposit
Service Providers
Service Level Agreement
Taxes
Tenant
Term
Termination Date
Utilities
Term and Renewal
Scope of Services
Authority and Powers
Property Manager Duties
Owner Obligations
Management Fee
Operating Expenses
Maintenance and Repairs
Emergency Services
Financial Management
Rent Collection
Reporting Requirements
Insurance
Indemnification
Liability Limitation
Confidentiality
Data Protection
Non-Competition
Force Majeure
Assignment and Delegation
Termination
Post-Termination Obligations
Notice Requirements
Dispute Resolution
Governing Law
Amendment
Severability
Entire Agreement
Representations and Warranties
Compliance with Laws
Health and Safety
Environmental Compliance
Staff Management
Subcontracting
Performance Standards
Security Measures
Record Keeping
Audit Rights
Intellectual Property
Marketing and Promotion
Real Estate
Property Management
Facilities Management
Commercial Real Estate
Residential Real Estate
Retail Property Management
Industrial Property Management
Hospitality
Mixed-use Development
Real Estate Investment
Legal
Operations
Facilities Management
Property Management
Asset Management
Real Estate
Maintenance
Finance
Compliance
Administration
Contract Management
Property Manager
Real Estate Manager
Facilities Manager
Asset Manager
Operations Manager
Property Management Director
Real Estate Services Director
Building Manager
Property Administrator
Maintenance Supervisor
Legal Counsel
Contract Manager
Real Estate Portfolio Manager
Property Owner
Real Estate Investor
Chief Operating Officer
Regional Property Manager
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