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Property Management Lease Agreement
"Need a Property Management Lease Agreement for a newly built 50-unit residential apartment complex in Dublin, with specific provisions for gym and pool maintenance, starting from March 2025, ensuring compliance with Multi-Unit Developments Act."
1. Parties: Identification of the property owner(s) and the property management company, including full legal names, addresses, and company registration details
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, duration of the agreement, and renewal terms
5. Property Manager's Duties and Responsibilities: Comprehensive list of services to be provided, including maintenance, repairs, financial management, and tenant relations
6. Owner's Obligations: Property owner's responsibilities, including financial obligations and cooperation requirements
7. Fees and Payment Terms: Management fees, payment schedule, additional charges, and payment methods
8. Insurance and Liability: Insurance requirements, indemnification provisions, and limitation of liability
9. Maintenance and Repairs: Procedures for routine maintenance and emergency repairs, including approval thresholds
10. Financial Management: Handling of property income and expenses, reporting requirements, and account management
11. Compliance and Regulations: Obligations to comply with relevant laws, regulations, and health and safety requirements
12. Termination: Grounds for termination, notice periods, and post-termination obligations
13. Dispute Resolution: Procedures for handling disputes between parties
14. General Provisions: Standard legal provisions including notices, amendments, governing law, and entire agreement clause
1. Multi-Unit Development Provisions: Additional provisions specific to apartment complexes or multi-unit developments
2. Special Facilities Management: Provisions for managing specific facilities like gyms, pools, or communal areas
3. Staff Employment: Terms regarding on-site staff employment and management
4. Environmental Management: Specific provisions for environmental compliance and green initiatives
5. Technology and Systems: Requirements for property management software, access control systems, or other technology
6. Marketing and Letting Services: Additional services for marketing and managing tenant acquisition
7. Development and Refurbishment: Provisions for managing property improvements or major works
8. Emergency Response Procedures: Detailed procedures for handling various types of emergencies
1. Schedule 1 - Property Details: Detailed description of the property, including address, boundaries, and included facilities
2. Schedule 2 - Services Specification: Detailed breakdown of all management services to be provided
3. Schedule 3 - Fee Structure: Comprehensive breakdown of all fees, charges, and payment terms
4. Schedule 4 - Key Performance Indicators: Performance metrics and service level agreements
5. Schedule 5 - Maintenance Schedule: Planned maintenance program and frequency of regular maintenance tasks
6. Schedule 6 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
7. Schedule 7 - Reporting Templates: Standard formats for financial and operational reports
8. Appendix A - Property Plans: Floor plans, site plans, and relevant property drawings
9. Appendix B - Inventory: Inventory of any equipment, furniture, or assets included in the management scope
10. Appendix C - Contact Information: Emergency contacts, key stakeholders, and service providers
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Multi-unit Developments
Facility Management
Property Services
Property Investment
Real Estate Development
Building Management
Legal
Property Management
Operations
Facilities Management
Asset Management
Compliance
Finance
Maintenance
Client Services
Real Estate
Risk Management
Administration
Property Manager
Facility Manager
Real Estate Manager
Asset Manager
Building Manager
Property Services Director
Operations Manager
Maintenance Manager
Property Administrator
Legal Counsel
Real Estate Attorney
Compliance Officer
Finance Manager
Property Owner
Portfolio Manager
Resident Manager
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