Property Management Agreement Between Landlord And Agent for Singapore

Property Management Agreement Between Landlord And Agent Template for Singapore

A Property Management Agreement governed by Singapore law that establishes the legal relationship between a property owner and a professional property management agent. The agreement outlines the scope of management services, responsibilities, fee structures, and operational procedures in accordance with Singapore's Estate Agents Act 2010 and related property legislation. It includes provisions for property maintenance, tenant management, financial reporting, and compliance with local regulations.

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What is a Property Management Agreement Between Landlord And Agent?

The Property Management Agreement Between Landlord And Agent is a crucial document used in Singapore's real estate sector when property owners wish to delegate the management of their property to professional agents. This agreement is particularly relevant in Singapore's sophisticated property market, where professional management is often required for both residential and commercial properties. The document must comply with Singapore's Estate Agents Act 2010 and related regulations, including requirements for licensed agents through the Council for Estate Agencies (CEA). It typically covers comprehensive management services, including tenant relations, maintenance coordination, financial management, and regulatory compliance.

What sections should be included in a Property Management Agreement Between Landlord And Agent?

1. Parties: Identification of the landlord and property management agent

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of appointment and duration of agreement

5. Agent's Services and Obligations: Detailed list of services to be provided by the agent

6. Landlord's Obligations: Responsibilities and commitments of the landlord

7. Fees and Payment Terms: Management fees, commission structure, and payment schedule

8. Termination: Conditions and procedures for ending the agreement

What sections are optional to include in a Property Management Agreement Between Landlord And Agent?

1. Property Maintenance Fund: Details of maintenance fund management, used for larger properties

2. Emergency Procedures: Specific procedures for emergency situations, recommended for larger properties

3. Staff Management: Required when agent will manage on-site staff

4. Marketing Services: Include if agent will handle property marketing

5. Renovation Management: Include if agent will oversee renovation works

What schedules should be included in a Property Management Agreement Between Landlord And Agent?

1. Property Details Schedule: Detailed description of the managed property

2. Fee Schedule: Breakdown of all fees and charges

3. Service Level Agreement: Detailed performance metrics and service standards

4. Property Inventory: List of fixtures, fittings, and equipment

5. Maintenance Schedule: Regular maintenance tasks and frequencies

6. Insurance Requirements: Required insurance coverage details

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Estate Agents Act 2010: Primary legislation regulating real estate agencies and agents in Singapore. Establishes licensing requirements through Council for Estate Agencies (CEA) and sets professional standards and duties of property agents.

Residential Property Act: Governs ownership and management of residential properties in Singapore, particularly important for understanding restrictions on foreign ownership and property management requirements.

Building Maintenance and Strata Management Act: Legislation relevant for management of strata-titled properties, defining responsibilities and obligations regarding common property management.

Housing and Development Board (HDB) Act: Essential legislation for HDB properties, outlining special rules and restrictions for public housing management and maintenance.

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data, establishing requirements for handling tenant/client information and consent obligations.

Civil Law Act: Establishes general contract law principles and requirements for valid contracts in Singapore, fundamental for property management agreements.

Property Tax Act: Legislation governing property tax obligations and management, relevant for property agents handling tax-related matters.

Conveyancing and Law of Property Act: Provides legal framework for property transactions and defines rights and obligations of property owners in Singapore.

Trustees Act: Governs fiduciary duties and handling of client money and deposits, essential for property managers acting in trust capacity.

COVID-19 (Temporary Measures) Act 2020: Recent legislation addressing pandemic-related property management issues, including force majeure considerations and temporary relief measures.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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