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Residential Property Management Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Residential Property Management Contract

"I need a Residential Property Management Contract for a 20-unit apartment building in Dubai Marina, where the management company will handle all aspects of property management including tenant screening, maintenance, and quarterly financial reporting, with the agreement to commence from March 1, 2025."

Document background
The Residential Property Management Contract is essential for property owners in the UAE who wish to delegate the management of their residential properties to professional management companies. This agreement is specifically designed to comply with UAE Federal Laws, RERA regulations, and emirate-specific requirements, particularly those in Dubai and Abu Dhabi. It establishes a comprehensive framework for property management services, including tenant screening, rent collection, maintenance coordination, financial reporting, and regulatory compliance. The document is particularly important given the UAE's strict real estate regulations and the need for professional property management companies to hold appropriate licenses and meet specific operational standards. It protects both the property owner's interests and ensures the management company operates within the prescribed legal framework.
Suggested Sections

1. Parties: Identification of the property owner and the property management company, including trade license details and contact information

2. Background: Brief context about the property, purpose of the agreement, and confirmation of the manager's qualifications and RERA license

3. Definitions: Definitions of key terms used throughout the agreement including Property, Services, Management Fee, Operating Expenses, etc.

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

5. Manager's Services and Obligations: Comprehensive list of services to be provided, including tenant management, maintenance, rent collection, and reporting

6. Owner's Obligations: Property owner's responsibilities, including providing necessary documents, maintaining insurance, and funding requirements

7. Financial Terms: Management fees, payment terms, operating expense procedures, and banking arrangements

8. Maintenance and Repairs: Procedures for routine maintenance, emergency repairs, and spending authorities

9. Leasing and Tenant Management: Procedures for tenant screening, lease execution, rent collection, and tenant relations

10. Reporting and Communications: Required financial reports, frequency of reporting, and communication protocols

11. Insurance Requirements: Required insurance coverage for both parties and the property

12. Termination: Conditions for termination, notice periods, and post-termination obligations

13. Liability and Indemnification: Scope of liability, limitations, and mutual indemnification provisions

14. Governing Law and Dispute Resolution: Applicable UAE laws and dispute resolution mechanisms

15. General Provisions: Standard clauses including notices, amendments, assignment, and severability

Optional Sections

1. Multiple Property Management: Additional terms for managing multiple properties under the same agreement - used when owner has multiple properties

2. Special Facilities Management: Additional terms for properties with special facilities like swimming pools or gyms - used for properties with amenities

3. Marketing Services: Detailed marketing obligations and procedures - used when property manager is responsible for marketing vacant units

4. Staff Accommodation Management: Terms for managing staff accommodation facilities - used for properties with staff housing

5. Free Zone Properties: Special requirements for properties in free zones - used for properties in UAE free zones

6. VAT Provisions: Detailed VAT handling procedures - used when either party is VAT registered

7. Property Improvement Projects: Terms for managing major improvements or renovations - used when significant property upgrades are planned

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property, including location, size, facilities, and condition report

2. Schedule 2 - Services Specification: Detailed breakdown of all management services to be provided

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms

4. Schedule 4 - Operating Budget: Annual operating budget and expense guidelines

5. Schedule 5 - Maintenance Schedule: Planned maintenance schedule and procedures

6. Schedule 6 - Emergency Procedures: Emergency contact information and response procedures

7. Schedule 7 - Reporting Templates: Templates for required financial and operational reports

8. Appendix A - Required Licenses: Copies of all required licenses and certifications

9. Appendix B - Insurance Certificates: Copies of insurance certificates and coverage details

10. Appendix C - Bank Account Details: Banking information for all relevant accounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions













































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Relevant Industries

Real Estate

Property Management

Facilities Management

Residential Development

Investment Management

Asset Management

Property Services

Real Estate Investment

Corporate Housing

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities Management

Asset Management

Compliance

Finance

Maintenance

Leasing

Client Services

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Asset Manager

Property Management Director

Operations Manager

Leasing Manager

Property Owner

Real Estate Investment Manager

Property Services Director

Maintenance Manager

Legal Counsel

Compliance Officer

Finance Manager

Portfolio 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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