The Commercial Property Management Agreement is a crucial document used in Singapore's real estate sector when property owners wish to delegate the management of their commercial properties to professional management companies. This agreement, governed by Singapore law, specifically addresses the unique requirements of commercial property management under local regulations, including the Building Maintenance and Strata Management Act. It establishes clear parameters for property maintenance, tenant relations, financial management, and regulatory compliance, while protecting the interests of both parties through detailed service specifications and performance standards.
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Key Requirements PROMPT example:
Commercial Property Management Agreement
"I need a Commercial Property Management Agreement for a 20-story office building in Singapore's CBD, with specific provisions for green building maintenance and smart building technology management, to commence from March 1, 2025."
1. Parties: Identifies and defines the property owner and property management company
2. Background: Provides context about the property and management arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Specifies the scope of appointment and duration of the agreement
5. Property Manager's Duties: Details core responsibilities and services to be provided
6. Fees and Payment Terms: Outlines management fees, payment schedule, and additional charges
7. Standard of Performance: Establishes expected service levels and quality standards
8. Compliance with Laws: Obligations to comply with relevant Singapore legislation including BMSMA, Building Control Act, and other applicable laws
9. Insurance and Liability: Required insurance coverage and liability provisions
10. Termination: Details circumstances and procedures for ending the agreement
1. Environmental Management: Specific provisions for properties requiring environmental compliance or green building certifications
2. Special Facilities Management: Additional provisions for properties with specialized facilities or equipment requiring specific management
3. Marketing Services: Provisions for tenant acquisition and marketing services when included in scope
4. Security Services: Detailed security management provisions when security services are included in scope
5. Data Protection: Specific provisions relating to PDPA compliance and data handling requirements
1. Schedule 1 - Property Details: Detailed description of the managed property including location, facilities, and specifications
2. Schedule 2 - Scope of Services: Comprehensive breakdown of all management services to be provided
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms
4. Schedule 4 - Service Level Requirements: Specific performance metrics, standards, and reporting requirements
5. Schedule 5 - Emergency Procedures: Detailed emergency response protocols and procedures
6. Schedule 6 - Insurance Requirements: Specific insurance coverage requirements and minimum coverage amounts
7. Schedule 7 - Key Personnel: List of key management personnel and their responsibilities
Authors
Relevant legal definitions
Agreement
Applicable Laws
Building
Building Systems
Commencement Date
Common Areas
Confidential Information
Contract Year
Emergency
Expiry Date
Facilities
Force Majeure
Gross Floor Area
Initial Term
Management Fee
Management Services
Operating Expenses
Performance Standards
Premises
Property
Property Manager
Property Owner
Renewal Term
Service Charges
Service Contractors
Service Level Agreement
Specialist Equipment
Term
Tenants
Working Day
Building Rules
Maintenance Schedule
Operating Budget
Property Records
Security Services
Statutory Requirements
Utilities
Visitor
Applicable Laws
Building
Building Systems
Commencement Date
Common Areas
Confidential Information
Contract Year
Emergency
Expiry Date
Facilities
Force Majeure
Gross Floor Area
Initial Term
Management Fee
Management Services
Operating Expenses
Performance Standards
Premises
Property
Property Manager
Property Owner
Renewal Term
Service Charges
Service Contractors
Service Level Agreement
Specialist Equipment
Term
Tenants
Working Day
Building Rules
Maintenance Schedule
Operating Budget
Property Records
Security Services
Statutory Requirements
Utilities
Visitor
Clauses
Appointment and Authority
Term and Renewal
Management Services
Standard of Performance
Fees and Expenses
Payment Terms
Property Manager's Duties
Owner's Obligations
Budgeting and Reporting
Insurance
Indemnification
Liability Limitations
Maintenance and Repairs
Emergency Procedures
Health and Safety
Security Services
Environmental Compliance
Staff and Contractors
Confidentiality
Data Protection
Intellectual Property
Force Majeure
Termination
Post-Termination Obligations
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Compliance with Laws
Anti-Bribery and Corruption
Record Keeping
Audit Rights
Term and Renewal
Management Services
Standard of Performance
Fees and Expenses
Payment Terms
Property Manager's Duties
Owner's Obligations
Budgeting and Reporting
Insurance
Indemnification
Liability Limitations
Maintenance and Repairs
Emergency Procedures
Health and Safety
Security Services
Environmental Compliance
Staff and Contractors
Confidentiality
Data Protection
Intellectual Property
Force Majeure
Termination
Post-Termination Obligations
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Compliance with Laws
Anti-Bribery and Corruption
Record Keeping
Audit Rights
Relevant Industries
Relevant Teams
Relevant Roles
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