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1. Parties: Identification of the property owner and the property management company, including their complete legal names, addresses, and registration details
2. Background: Context of the agreement, including brief description of the property and the owner's desire to engage the manager
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. Property Manager's Duties and Responsibilities: Comprehensive list of services to be provided, including maintenance, tenant management, rent collection, etc.
6. Owner's Obligations: Property owner's responsibilities, including provision of necessary documentation and maintaining insurance
7. Financial Management: Handling of rental income, expenses, accounts, and reporting requirements
8. Fees and Compensation: Management fees, payment terms, and reimbursement of expenses
9. Insurance and Liability: Insurance requirements and allocation of liability between parties
10. Termination: Grounds for termination, notice requirements, and post-termination obligations
11. Dispute Resolution: Process for resolving disputes between parties
12. Governing Law: Specification of Pakistani law as governing law and jurisdiction
13. General Provisions: Standard clauses including notices, amendments, assignment, and severability
1. Emergency Services: Additional provisions for 24/7 emergency response services, used for residential or high-value commercial properties
2. Marketing Services: Specific provisions for marketing vacant units, applicable when the manager is responsible for tenant acquisition
3. Construction Management: Used when the property manager will oversee renovation or construction projects
4. Multiple Property Management: Additional provisions for managing multiple properties under the same agreement
5. Special Facilities Management: For properties with special facilities like gymnasiums, swimming pools, or parking structures
6. Environmental Compliance: Additional provisions for properties requiring specific environmental management
7. Security Services: Detailed security arrangements for high-security properties or shopping centers
1. Schedule A - Property Details: Detailed description of the property, including address, size, facilities, and current condition
2. Schedule B - Management Services: Detailed scope of services with specific tasks and frequencies
3. Schedule C - Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
4. Schedule D - Reporting Requirements: Templates and frequencies for various reports to be provided to the owner
5. Schedule E - Maintenance Schedule: Planned maintenance activities and frequencies
6. Schedule F - Emergency Procedures: Detailed procedures for handling different types of emergencies
7. Schedule G - Authorized Expenditure Limits: Spending authorities and approval requirements for different types of expenses
8. Appendix 1 - Key Personnel: List of key personnel assigned to manage the property
9. Appendix 2 - Insurance Requirements: Detailed insurance requirements for both parties
Applicable Laws
Authorized Expenditure
Building Rules
Commencement Date
Common Areas
Confidential Information
Contract Year
Emergency
Emergency Repairs
Expiry Date
Facility
Force Majeure
Gross Revenue
Initial Term
Management Fee
Management Services
Net Operating Income
Operating Account
Operating Expenses
Owner
Owner's Representative
Parties
Performance Standards
Premises
Property
Property Manager
Renewal Term
Rent
Reserve Fund
Security Deposit
Service Charges
Service Contractors
Service Level Agreement
Tenants
Tenancy Agreement
Term
Utilities
Working Day
Services
Term and Renewal
Financial Management
Fees and Payments
Authority and Powers
Duties and Responsibilities
Property Maintenance
Tenant Management
Insurance
Liability and Indemnification
Confidentiality
Reporting Requirements
Record Keeping
Health and Safety
Emergency Procedures
Compliance
Force Majeure
Termination
Assignment
Subcontracting
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendments
Representations and Warranties
Non-Competition
Intellectual Property
Data Protection
Anti-Corruption
Environmental Compliance
Real Estate
Property Management
Commercial Property
Residential Property
Retail Property
Industrial Property
Hospitality
Office Space Management
Shopping Center Management
Mixed-Use Development
Facilities Management
Real Estate
Property Management
Facilities Management
Legal
Operations
Asset Management
Maintenance
Finance
Compliance
Administration
Contract Management
Property Manager
Real Estate Manager
Facility Manager
Asset Manager
Operations Manager
Building Manager
Real Estate Director
Property Management Supervisor
Leasing Manager
Maintenance Supervisor
Real Estate Administrator
Property Services Coordinator
Legal Counsel
Contract Manager
Real Estate Portfolio Manager
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