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Housing Management Agreement
"I need a Housing Management Agreement for a new 50-unit luxury condominium building in Makati City, where the management company will handle all aspects of property management including maintenance, tenant relations, and security services, with the agreement to start from March 1, 2025."
1. Parties: Identification of the Property Owner and the Management Company, including complete legal names and addresses
2. Background: Context of the agreement, description of the property, and purpose of the management arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the management company and duration of the agreement
5. Management Services: Comprehensive list of services to be provided by the management company
6. Manager's Obligations: Detailed responsibilities and duties of the management company
7. Owner's Obligations: Responsibilities and duties of the property owner
8. Financial Management: Handling of income, expenses, accounts, and financial reporting
9. Fees and Payments: Management fees, payment terms, and other compensation
10. Insurance and Liability: Insurance requirements and allocation of liability between parties
11. Termination: Conditions and procedures for termination of the agreement
12. General Provisions: Standard legal provisions including governing law, notices, and dispute resolution
1. Employee Management: Terms regarding hiring, supervision, and management of property staff - include if the manager will handle staffing
2. Capital Improvements: Procedures for major renovations and improvements - include if significant property upgrades are anticipated
3. Emergency Procedures: Specific protocols for emergency situations - important for larger properties or those in disaster-prone areas
4. Environmental Compliance: Special provisions for environmental management - include if property has specific environmental concerns
5. Marketing and Leasing: Terms for marketing and tenant acquisition - include if manager will handle leasing
6. Security Services: Provisions for security arrangements - include for properties requiring specific security measures
7. Utilities Management: Specific provisions for utility services - include for properties with complex utility systems
1. Property Details: Detailed description of the property, including address, facilities, and amenities
2. Services Schedule: Detailed scope of services to be provided by the management company
3. Fee Schedule: Breakdown of all fees, charges, and payment terms
4. Maintenance Schedule: Regular maintenance and inspection requirements
5. Operating Budget: Annual operating budget and financial projections
6. Key Performance Indicators: Performance metrics and standards for evaluating management services
7. Required Insurance: Details of insurance coverage requirements for both parties
8. Emergency Contacts: List of emergency contacts and procedures
9. Reporting Templates: Standard formats for required reports and documentation
Authors
Property
Common Areas
Management Services
Management Fee
Operating Expenses
Building Rules
Commencement Date
Term
Force Majeure
Maintenance
Emergency
Operating Budget
Property Manager
Owner
Tenants
Service Providers
Security Deposit
Rental Income
Management Period
Applicable Laws
Building Systems
Capital Improvements
Confidential Information
Gross Revenue
Insurance Requirements
Lease
Operating Account
Performance Standards
Regular Business Hours
Repair and Maintenance Schedule
Reserve Fund
Service Charges
Utilities
Working Day
Fixtures and Fittings
Building Administrator
Maintenance Staff
Payment Date
Reports
Security Services
Termination Date
Occupant
Property Records
Management Company
Accounting Period
Annual Budget
Base Building
Common Property
Material Breach
Notice
Term and Renewal
Management Services
Duties and Responsibilities
Financial Management
Fees and Compensation
Insurance
Indemnification
Property Maintenance
Emergency Services
Staff Management
Health and Safety
Compliance
Reporting Requirements
Record Keeping
Confidentiality
Data Protection
Security
Utilities Management
Tenant Relations
Budget and Planning
Capital Improvements
Representations and Warranties
Force Majeure
Termination
Dispute Resolution
Governing Law
Assignment
Notices
Entire Agreement
Severability
Amendments
Force Majeure
Non-Competition
Intellectual Property
Waiver
Counterparts
Real Estate
Property Management
Facilities Management
Residential Housing
Commercial Property
Property Development
Building Maintenance
Property Services
Asset Management
Legal
Real Estate
Property Management
Operations
Facilities Management
Asset Management
Contract Administration
Maintenance
Finance
Compliance
Property Manager
Facilities Manager
Real Estate Manager
Building Administrator
Asset Manager
Operations Manager
Property Management Director
Real Estate Services Head
Maintenance Supervisor
Legal Counsel
Contract Administrator
Property Operations Supervisor
Building Services Manager
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