Document background
The Short Form Property Management Agreement is designed for use in situations where a streamlined yet comprehensive property management arrangement is needed under Philippine law. This document is particularly useful for individual property owners, small to medium-sized properties, or situations where the management requirements are straightforward. It incorporates essential elements required by Philippine legislation, including the Civil Code and the Real Estate Service Act (RESA), while maintaining a more concise format than traditional full-length management agreements. The document covers key aspects such as service scope, fees, reporting requirements, and compliance matters, while remaining flexible enough to accommodate various property types. It's specifically structured to provide adequate protection for both parties while avoiding the complexity of more extensive agreements typically used for larger commercial properties.
