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Condominium Management Agreement

Condominium Management Agreement Template for Malaysia

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Key Requirements PROMPT example:

Condominium Management Agreement

"I need a Condominium Management Agreement for a luxury 50-unit residential development in Kuala Lumpur, with particular emphasis on high-end amenities management and premium service standards, to commence from March 1, 2025."

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Document background
The Condominium Management Agreement is a crucial document used in Malaysia when appointing a professional property manager to manage and maintain strata properties. This agreement is essential under the Strata Management Act 2013 and related regulations, which require proper management of stratified buildings by licensed property managers. The document outlines comprehensive terms for property management services, including maintenance responsibilities, financial management, compliance requirements, and performance standards. It serves as the primary contract governing the relationship between the Management Corporation or Joint Management Body and the appointed Property Manager, ensuring clear delineation of duties, rights, and obligations. The agreement must incorporate specific requirements from Malaysian strata laws while addressing practical aspects of property management, making it vital for both residential and commercial condominium developments.
Suggested Sections

1. Parties: Identifies the Management Corporation/Joint Management Body and the appointed Property Manager, including their registration details and addresses

2. Background: Describes the property, its location, and the context for entering into the management agreement

3. Definitions: Defines key terms used throughout the agreement, including statutory terms from the Strata Management Act

4. Appointment and Term: Details of the Property Manager's appointment, duration of the agreement, and renewal terms

5. Scope of Services: Comprehensive outline of management services to be provided, including maintenance, financial management, and administrative duties

6. Fees and Payment Terms: Management fees, payment schedule, and terms for fee revisions

7. Rights and Obligations of the Property Manager: Detailed responsibilities and duties of the Property Manager under the agreement

8. Rights and Obligations of the Management Corporation: Responsibilities and duties of the Management Corporation/Joint Management Body

9. Insurance and Indemnity: Insurance requirements and indemnification provisions

10. Termination: Conditions and procedures for terminating the agreement

11. Governing Law and Dispute Resolution: Applicable law and procedures for resolving disputes

12. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions

Optional Sections

1. Performance Standards: Specific key performance indicators and service level agreements, recommended for larger properties

2. Emergency Procedures: Detailed procedures for handling emergencies, recommended for high-risk or luxury properties

3. Environmental Management: Special provisions for green building maintenance and sustainability measures

4. Staff and Security Management: Specific requirements for on-site staff and security personnel

5. Technology and Systems: Requirements for building management systems and software

6. Facility Management: Detailed provisions for managing specific facilities like gymnasiums, swimming pools, or other amenities

7. Reporting Requirements: Enhanced reporting obligations beyond statutory requirements

Suggested Schedules

1. Schedule 1: Property Details: Detailed description of the condominium property, including common areas and facilities

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

3. Schedule 3: Fee Structure: Detailed breakdown of management fees, including calculation methods and additional charges

4. Schedule 4: Performance Metrics: Specific performance indicators and measurement criteria

5. Schedule 5: Maintenance Schedule: Detailed maintenance schedules for different components of the property

6. Schedule 6: Emergency Contacts: List of emergency contacts and procedures

7. Appendix A: Required Forms: Standard forms and templates for various management activities

8. Appendix B: By-Laws: Copy of the current by-laws of the condominium

9. Appendix C: Insurance Requirements: Detailed insurance specifications and coverage requirements

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

Facilities Management

Residential Property

Commercial Property

Mixed-Use Development

Building Maintenance

Property Services

Relevant Teams

Legal

Operations

Property Management

Facilities Management

Asset Management

Compliance

Finance

Administration

Maintenance

Customer Service

Relevant Roles

Property Manager

Facilities Manager

Building Manager

Real Estate Manager

Strata Manager

Operations Manager

Maintenance Manager

Asset Manager

Property Management Director

Compliance Officer

Legal Counsel

Financial Controller

Management Committee Member

Resident Manager

Administrative 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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