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Property Management Agreement With Owner
"I need a Property Management Agreement With Owner for a newly constructed 50-unit luxury apartment building in Kuala Lumpur, with comprehensive services including facilities management, tenant screening, and maintenance, starting from March 1, 2025."
1. Parties: Identification of the Property Owner and the Property Management Company, including registration details and addresses
2. Background: Context of the agreement, including property details and purpose of engagement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the property manager and duration of the agreement
5. Property Manager's Services: Comprehensive list of core services to be provided by the property manager
6. Property Manager's Authority: Scope of decision-making power and spending authority granted to the property manager
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Expenses: Management fees, payment terms, and reimbursable expenses
9. Financial Reporting: Requirements for financial reporting, accounting, and documentation
10. Insurance and Liability: Insurance requirements and allocation of liability between parties
11. Termination: Grounds for termination, notice periods, and post-termination obligations
12. Confidentiality: Protection of confidential information and data privacy obligations
13. Governing Law and Dispute Resolution: Applicable law and methods for resolving disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Emergency Services: Additional provisions for 24/7 emergency response services, used when the property requires round-the-clock coverage
2. Special Facilities Management: Specific provisions for managing special facilities like gymnasiums or swimming pools, included when the property has such facilities
3. Marketing and Leasing Services: Provisions for marketing and leasing services if the property manager will handle tenant acquisition
4. Development and Renovation Management: Provisions for managing property improvements or renovations, included when significant works are planned
5. Green Building Management: Specific provisions for managing environmentally certified buildings or implementing sustainability measures
6. Staff Management: Provisions regarding on-site staff employment and management, used for larger properties requiring dedicated staff
7. Multiple Property Management: Additional provisions when the agreement covers multiple properties
1. Schedule 1 - Property Details: Detailed description of the property, including address, lot number, and facilities
2. Schedule 2 - Scope of Services: 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 - Key Performance Indicators: Performance metrics and service level requirements
5. Schedule 5 - Authorized Personnel: List of authorized representatives for both parties
6. Schedule 6 - Emergency Procedures: Emergency response protocols and contact information
7. Schedule 7 - Maintenance Schedule: Planned maintenance programs and schedules
8. Appendix A - Property Management Software and Systems: Details of software and systems to be used in property management
9. Appendix B - Required Reports and Forms: Templates and formats for required reports and documentation
Authors
Real Estate
Commercial Property
Residential Property
Retail Property
Industrial Property
Mixed-Use Development
Hospitality
Healthcare Facilities
Educational Facilities
Office Buildings
Shopping Centers
Warehousing
Logistics Facilities
Legal
Real Estate
Property Management
Operations
Facilities Management
Asset Management
Contract Administration
Risk Management
Finance
Compliance
Property Manager
Facility Manager
Real Estate Manager
Asset Manager
Building Manager
Operations Manager
Property Management Director
Real Estate Director
Facilities Director
Legal Counsel
Contract Manager
Property Management Executive
Real Estate Operations Manager
Building Operations Supervisor
Property Administrator
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