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Rent To Rent Management Agreement

Rent To Rent Management Agreement Template for Australia

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Key Requirements PROMPT example:

Rent To Rent Management Agreement

"I need a Rent to Rent Management Agreement for a portfolio of 5 residential properties in Sydney, Australia, with a guaranteed rent structure and specific provisions for student housing, starting from March 2025."

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Document background
The Rent to Rent Management Agreement is utilized when property owners wish to delegate complete management of their property while receiving guaranteed rental income. This arrangement, governed by Australian property law, enables management companies to lease properties directly from owners and subsequently sub-let them to tenants. The document is particularly relevant in scenarios where owners seek passive property investment or when management companies aim to expand their property portfolio without purchasing assets. It comprehensively covers guaranteed rent payments, maintenance responsibilities, compliance with local regulations, insurance requirements, and risk allocation. The agreement is structured to protect both parties' interests while ensuring compliance with relevant state-specific property legislation and national consumer protection laws.
Suggested Sections

1. Parties: Identifies and provides full details of the property owner and the management company entering into the agreement

2. Background: Outlines the context of the agreement, including the property owner's desire to have their property managed and the management company's business model

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Term and Renewal: Specifies the initial duration of the agreement and any renewal options

5. Management Company's Rights: Details the rights granted to the management company, including the right to rent and sub-let the property

6. Management Company's Obligations: Comprehensive list of the management company's responsibilities, including property maintenance, tenant management, and financial obligations

7. Property Owner's Obligations: Specifies the property owner's responsibilities and commitments under the agreement

8. Financial Terms: Details the guaranteed rent amount, payment terms, and any other financial arrangements

9. Property Maintenance and Repairs: Outlines responsibilities and procedures for property maintenance, repairs, and improvements

10. Insurance and Liability: Specifies insurance requirements and allocation of liability between parties

11. Compliance with Laws: Requires adherence to relevant legislation and regulations

12. Default and Termination: Defines events of default and termination procedures

13. Dispute Resolution: Establishes procedures for resolving disputes between parties

14. General Provisions: Standard legal provisions including notices, assignment, entire agreement, and governing law

Optional Sections

1. Utilities Management: Details responsibility for utility accounts and payments when the management company handles these directly

2. Property Improvements: Specific terms for when the management company is permitted to make improvements to the property

3. Emergency Procedures: Detailed procedures for handling emergency situations, particularly relevant for properties in disaster-prone areas

4. Furniture and Fittings: Required when the property is furnished and includes specific provisions for inventory management

5. Marketing Rights: Specific terms about how the property can be marketed and advertised

6. Change of Ownership Provisions: Procedures to follow if the property is sold during the agreement term

7. Key Performance Indicators: Specific performance metrics the management company must meet, used in more sophisticated arrangements

Suggested Schedules

1. Property Details: Detailed description of the property including address, features, and condition report

2. Financial Schedule: Detailed breakdown of guaranteed rent, management fees, and other financial terms

3. Maintenance Schedule: Specific maintenance responsibilities and schedules for routine maintenance

4. Insurance Requirements: Detailed insurance requirements including types of coverage and minimum amounts

5. Property Inventory: Detailed inventory of furniture and fittings if property is furnished

6. Approved Contractors: List of approved contractors for maintenance and repairs

7. Service Level Agreement: Detailed performance standards and response times for various management services

8. Reporting Requirements: Templates and requirements for periodic reporting to the property owner

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
















































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Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Property Investment

Hospitality (for serviced apartments)

Student Housing

Build-to-Rent

Relevant Teams

Legal

Property Management

Operations

Finance

Compliance

Risk Management

Business Development

Asset Management

Facilities Management

Contract Administration

Relevant Roles

Property Manager

Real Estate Investment Manager

Asset Manager

Operations Director

Legal Counsel

Property Portfolio Manager

Business Development Manager

Risk Manager

Compliance Officer

Finance Manager

Facilities Manager

Regional Property Director

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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