The Building Management Agreement is essential for properties in Singapore requiring professional management services. It ensures compliance with Singapore's stringent property management regulations, particularly the Building Maintenance and Strata Management Act. This agreement defines the relationship between property owners and management companies, establishing clear service expectations, maintenance standards, and operational procedures. It's particularly crucial for strata-titled properties, commercial buildings, and residential developments requiring professional management.
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1. Parties: Identification of the property owner/management corporation and the building management company
2. Background: Context of the agreement, property details, and purpose of engagement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the manager and duration of agreement
5. Scope of Services: Detailed description of management services to be provided
6. Manager's Obligations: Key responsibilities and duties of the building manager
7. Owner's Obligations: Responsibilities and duties of the property owner
8. Fees and Payment Terms: Management fees, payment schedule, and related financial terms
9. Compliance: Regulatory compliance requirements and standards
10. Insurance: Required insurance coverage and obligations
11. Termination: Conditions and procedures for agreement termination
1. Performance Standards: Specific KPIs and service levels for larger properties or when specific performance metrics are required
2. Environmental Management: Green building practices and sustainability measures for buildings with green certifications or environmental commitments
3. Technology Services: Building management systems and technology requirements for smart buildings or properties with advanced technology systems
4. Crisis Management: Procedures for handling emergencies and crises in high-risk or high-occupancy buildings
1. Schedule 1 - Property Details: Detailed description of the property and facilities
2. Schedule 2 - Scope of Services: Detailed breakdown of services to be provided
3. Schedule 3 - Fee Schedule: Detailed breakdown of fees and charges
4. Schedule 4 - Service Levels: Performance metrics and standards
5. Schedule 5 - Staff Requirements: Staffing requirements and qualifications
6. Appendix A - Maintenance Schedule: Planned maintenance schedules and frequencies
7. Appendix B - Emergency Procedures: Emergency response protocols
8. Appendix C - Required Reports: List of required reports and their frequencies
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