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
Relevant legal definitions
Agreement
Applicable Laws
Building
Building Rules
Commencement Date
Common Areas
Confidential Information
Contract Period
Effective Date
Emergency Services
Facilities
Force Majeure
Governing Law
Management Fee
Management Services
Operating Expenses
Parties
Performance Standards
Premises
Property
Property Manager
Property Owner
Regular Business Hours
Related Entities
Service Providers
Service Level Requirements
Term
Termination Date
Working Day
Building Systems
Maintenance Schedule
Operating Budget
Reimbursable Expenses
Security Services
Sinking Fund
Standard Operating Procedures
Utility Services
Insurance Requirements
Occupants
Regulatory Authority
Applicable Laws
Building
Building Rules
Commencement Date
Common Areas
Confidential Information
Contract Period
Effective Date
Emergency Services
Facilities
Force Majeure
Governing Law
Management Fee
Management Services
Operating Expenses
Parties
Performance Standards
Premises
Property
Property Manager
Property Owner
Regular Business Hours
Related Entities
Service Providers
Service Level Requirements
Term
Termination Date
Working Day
Building Systems
Maintenance Schedule
Operating Budget
Reimbursable Expenses
Security Services
Sinking Fund
Standard Operating Procedures
Utility Services
Insurance Requirements
Occupants
Regulatory Authority
Clauses
Appointment
Term and Renewal
Management Services
Property Manager's Duties
Owner's Obligations
Fees and Expenses
Payment Terms
Performance Standards
Reporting Requirements
Insurance
Indemnification
Liability Limitations
Maintenance and Repairs
Emergency Procedures
Health and Safety
Compliance
Confidentiality
Data Protection
Staff Management
Subcontracting
Assignment
Force Majeure
Termination
Notice Requirements
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Budget and Financial Management
Record Keeping
Property Access
Service Level Standards
Environmental Compliance
Quality Assurance
Term and Renewal
Management Services
Property Manager's Duties
Owner's Obligations
Fees and Expenses
Payment Terms
Performance Standards
Reporting Requirements
Insurance
Indemnification
Liability Limitations
Maintenance and Repairs
Emergency Procedures
Health and Safety
Compliance
Confidentiality
Data Protection
Staff Management
Subcontracting
Assignment
Force Majeure
Termination
Notice Requirements
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Budget and Financial Management
Record Keeping
Property Access
Service Level Standards
Environmental Compliance
Quality Assurance
Relevant Industries
Relevant Teams
Relevant Roles
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