Property Management Agreement Template for Pakistan

A Property Management Agreement creates a legal partnership between property owners and professional managers in Pakistan. Through this contract, owners give managers the authority to handle their real estate - from collecting rent and maintaining the property to dealing with tenants and managing finances.

Under Pakistani contract law, this agreement spells out each party's rights and responsibilities, including management fees, maintenance budgets, and reporting requirements. It protects both sides by clearly stating what services the manager will provide, how decisions will be made, and what happens if either party needs to end the relationship. Property owners commonly use these agreements for residential complexes, commercial buildings, and retail spaces.

Consider a Property Management Agreement when you own multiple rental properties in Pakistan and can't handle day-to-day operations yourself. This agreement becomes essential if you're managing properties from abroad, dealing with numerous tenants, or running commercial spaces that need constant professional attention.

The agreement proves invaluable when coordinating complex maintenance schedules, handling tenant complaints, or ensuring steady rental income. It's particularly important for properties in major cities like Karachi or Lahore, where local market knowledge and on-ground presence matter. Property owners facing challenges with rent collection, maintenance coordination, or legal compliance often find these agreements solve multiple operational headaches at once.

• Property Management Agreement With Owner: Standard agreement for residential properties, covering basic services like rent collection and maintenance
• Building Management Contract: Focused on multi-unit buildings, including security, common area maintenance, and facility management
• Commercial Property Management Contract: Tailored for retail spaces and office buildings with specialized tenant requirements
• Lease Management Contract: Emphasizes tenant relations, lease administration, and compliance with commercial tenancy laws

• Property Owners: Individuals or companies with real estate assets seeking professional management, including overseas Pakistanis with local properties
• Property Management Companies: Licensed firms that handle day-to-day operations, maintenance, and tenant relations
• Legal Advisors: Lawyers who draft and review agreements to ensure compliance with Pakistani property laws
• Real Estate Agents: Professionals who often connect owners with management companies and help negotiate terms
• Building Maintenance Staff: Teams working under the management company to handle repairs and upkeep
• Tenants: While not direct parties to the agreement, they interact with managers as authorized representatives

• Property Details: Gather complete property documentation, including ownership papers, tax records, and existing tenant agreements
• Service Scope: List all required management services, from rent collection to maintenance responsibilities
• Financial Terms: Define management fees, operational budget, and payment schedules
• Legal Compliance: Check local property management regulations and tax requirements in your Pakistani jurisdiction
• Contact Information: Compile details for all parties, including emergency contacts and authorized representatives
• Documentation: Prepare property condition reports, maintenance schedules, and existing vendor contracts
• Review Process: Use our platform to generate a legally-sound agreement that includes all essential elements

• Party Details: Full legal names, addresses, and contact information of property owner and management company
• Property Description: Exact location, size, and type of property with registration details
• Service Scope: Detailed list of management responsibilities and authority limits
• Fee Structure: Management fees, payment terms, and expense handling procedures
• Duration: Agreement term, renewal conditions, and termination clauses
• Liability: Risk allocation, insurance requirements, and indemnification terms
• Dispute Resolution: Arbitration procedures under Pakistani law
• Signatures: Proper execution with witnesses as required by local regulations

A Property Management Agreement differs significantly from a Facilities Management Agreement in several key aspects, though they're often confused in Pakistan's real estate sector. While both involve managing properties, their scope and focus vary considerably.

• Scope of Services: Property management covers tenant relations, rent collection, and property marketing, while facilities management focuses on building systems, maintenance, and infrastructure
• Legal Authority: Property managers can act as legal representatives in tenant matters and financial transactions; facilities managers typically can't
• Financial Responsibilities: Property managers handle rent collection, security deposits, and tenant finances; facilities managers focus on operational costs and maintenance budgets
• Target Properties: Property management suits residential and commercial rental properties; facilities management is more common for corporate buildings and industrial complexes
• Regulatory Compliance: Property managers must comply with tenancy laws and rental regulations; facilities managers focus on building codes and safety standards