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Condo Management Contract

Condo Management Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Condo Management Contract

"I need a Condo Management Contract for a luxury 50-unit residential tower in Dubai Marina, with emphasis on premium concierge services and smart building management systems, to commence from March 2025."

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Document background
The Condo Management Contract serves as a crucial legal instrument in the UAE's real estate sector, particularly in emirates with significant residential and mixed-use developments. This agreement is essential when professional property management services are required for condominiums, apartment complexes, or mixed-use buildings with multiple owners. The contract must align with UAE federal laws, including the Civil Code, as well as specific emirate-level regulations such as Dubai's Law No. 27 of 2007 and RERA guidelines. It outlines comprehensive management services, including maintenance, financial management, and administrative duties, while establishing clear performance metrics and accountability measures. The document is designed to protect the interests of both property owners and management companies while ensuring efficient property operations and maintenance of asset value.
Suggested Sections

1. Parties: Identification of the contracting parties - typically the property management company and the owners association/property owner

2. Background: Context of the agreement, including property details and purpose of the management arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Appointment and Term: Formal appointment of the property manager and duration of the agreement

5. Manager's Duties and Responsibilities: Comprehensive list of services and responsibilities of the property manager

6. Financial Management: Details of budget management, service charge collection, and financial reporting

7. Maintenance and Repairs: Obligations regarding property maintenance, repairs, and improvement works

8. Insurance Requirements: Insurance obligations for both parties and property coverage requirements

9. Health and Safety: Responsibilities for maintaining health and safety standards

10. Reporting and Communications: Requirements for regular reporting and communication protocols

11. Fees and Payment Terms: Management fees, payment schedule, and related financial terms

12. Termination: Grounds and procedures for contract termination

13. Liability and Indemnification: Allocation of risks and responsibilities between parties

14. Governing Law and Jurisdiction: Specification of UAE law application and dispute resolution mechanisms

Optional Sections

1. Emergency Services: Additional provisions for 24/7 emergency response services, recommended for larger properties

2. Facility Management: Specific provisions for properties with extensive facilities like swimming pools or gyms

3. Security Services: Detailed security provisions for properties requiring enhanced security measures

4. Staff Accommodation: Terms regarding on-site staff accommodation if applicable

5. Retail Management: Provisions for properties with retail components

6. Environmental Management: Green building maintenance and sustainability requirements for certified buildings

7. Parking Management: Specific provisions for properties with complex parking arrangements

8. Major Repairs Fund: Terms for establishing and managing a sinking fund for major repairs

Suggested Schedules

1. Property Details: Detailed description of the property including floor plans and common areas

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

3. Fee Schedule: Breakdown of management fees and additional service charges

4. Maintenance Schedule: Planned maintenance program and frequency of routine tasks

5. Staff Structure: Organization chart and staffing plan for the property

6. Emergency Procedures: Detailed emergency response procedures and contact information

7. Required Reports: Templates and formats for required periodic reports

8. Insurance Requirements: Detailed insurance specifications and coverage requirements

9. Operating Permits: Copies of necessary licenses and permits

10. Building Rules: Property rules and regulations for occupants

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions











































Clauses









































Relevant Industries

Real Estate

Property Management

Facility Management

Building Maintenance

Property Development

Real Estate Investment

Residential Services

Commercial Property Management

Relevant Teams

Legal

Operations

Property Management

Facility Management

Compliance

Finance

Maintenance

Customer Service

Asset Management

Risk Management

Administrative Services

Building Services

Relevant Roles

Property Manager

Facility Manager

Real Estate Director

Operations Manager

Legal Counsel

Compliance Officer

Asset Manager

Building Manager

Maintenance Manager

Financial Controller

Owners Association Manager

Property Services Director

Real Estate Portfolio Manager

Strata Manager

Industries








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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