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1. Parties: Identification of 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 Authority: Scope of property manager's authority and responsibilities
5. Term and Termination: Duration of agreement and termination conditions
6. Management Services: Detailed description of services to be provided
7. Compensation: Fee structure and payment terms
8. Insurance and Liability: Insurance requirements and liability allocation
1. Emergency Services: Procedures for handling emergency situations when 24/7 emergency response is required
2. Capital Improvements: Procedures for major property improvements when significant upgrades are anticipated
3. Multiple Property Management: Terms for managing multiple properties when agreement covers more than one property
1. Property Schedule: Detailed description of managed property/properties
2. Fee Schedule: Detailed breakdown of management fees and charges
3. Maintenance Schedule: Regular maintenance tasks and frequencies
4. Required Insurance Coverage: Specific insurance requirements and minimum coverage amounts
5. Property Manager's Licenses: Copies of relevant licenses and certifications
Property
Services
Management Fee
Commencement Date
Term
Owner
Manager
Tenant
Lease
Common Areas
Gross Monthly Rent
Security Deposit
Operating Account
Reserve Account
Maintenance Expenses
Emergency Repairs
Capital Improvements
Rental Revenue
Late Charges
Leasing Commission
Marketing Expenses
Rental Market Analysis
Property Management Software
Maintenance Contractor
Business Day
Confidential Information
Force Majeure
Intellectual Property
Applicable Laws
Insurance Requirements
Operating Budget
Property Condition Report
Management Reports
Termination Notice
Term and Termination
Scope of Services
Management Fees and Expenses
Property Maintenance
Leasing and Tenant Management
Financial Management
Insurance and Liability
Confidentiality
Indemnification
Compliance with Laws
Reporting Requirements
Emergency Procedures
Marketing and Advertising
Security Deposits
Record Keeping
Property Inspections
Contractor Management
Dispute Resolution
Force Majeure
Assignment and Delegation
Non-Competition
Intellectual Property
Notice Requirements
Severability
Entire Agreement
Governing Law
Amendment and Modification
Independent Contractor Status
Property Sale Provisions
Representations and Warranties
Default and Remedies
Banking and Financial Controls
Health and Safety
Environmental Compliance
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