The Property Management Agreement is essential for properties in Singapore requiring professional management services. This document is used when property owners wish to delegate the day-to-day management of their property to a professional management company. The agreement must comply with Singapore's comprehensive regulatory framework, including the Building Maintenance and Strata Management Act, Building Control Act, and various other property-related regulations. It typically includes detailed provisions for maintenance, financial management, compliance with local regulations, insurance requirements, and dispute resolution procedures.
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1. Parties: Identification of the property owner and property management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of property manager and duration of agreement
5. Scope of Services: Detailed description of property management services to be provided
6. Fees and Payment Terms: Management fees, payment schedule, and reimbursable expenses
7. Obligations of Property Manager: Duties and responsibilities of the property manager
8. Obligations of Property Owner: Duties and responsibilities of the property owner
9. Compliance: Regulatory compliance requirements and standards
10. Termination: Conditions and procedures for ending the agreement
1. Staff Management: Terms regarding employment and management of property staff - use when property requires dedicated on-site staff
2. Emergency Procedures: Protocols for handling emergencies - use for larger properties or those with specific safety requirements
3. Sustainability Practices: Green building management and environmental compliance - use for properties with green certification or sustainability goals
4. Technology and Systems: Use and maintenance of property management systems - use when specific software or systems are part of the service
1. Schedule 1 - Property Details: Detailed description of the property and facilities
2. Schedule 2 - Service Level Agreement: Specific performance metrics and standards
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees and charges
4. Schedule 4 - Maintenance Schedule: Regular maintenance and inspection schedules
5. Schedule 5 - Emergency Contact List: List of key contacts for various emergencies
6. Schedule 6 - Insurance Requirements: Details of required insurance coverage
7. Schedule 7 - Operating Procedures: Standard operating procedures for property management
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