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Rent To Rent Management Contract
"I need a Rent to Rent Management Contract for my 15-unit apartment building in Kuala Lumpur, where the management company will guarantee monthly rental income of RM45,000 and handle all tenant management and maintenance, with the agreement to start from March 1, 2025."
1. Parties: Details of the property owner (First Party) and the management company (Second Party)
2. Background: Context of the agreement, including property details and purpose of the management arrangement
3. Definitions: Key terms used throughout the agreement including Property, Management Services, Rental Income, etc.
4. Appointment and Term: Formal appointment of the management company and duration of the agreement
5. Management Company's Rights: Rights granted to the management company including authority to let property and collect rent
6. Management Company's Obligations: Core responsibilities including property maintenance, tenant management, and reporting
7. Property Owner's Obligations: Owner's responsibilities including maintaining property insurance and structural repairs
8. Financial Terms: Payment structure, guaranteed rent amounts, management fees, and payment schedules
9. Property Maintenance: Maintenance responsibilities, procedures, and budget allocation
10. Insurance and Liability: Required insurance coverage and allocation of liability between parties
11. Compliance: Obligations to comply with relevant laws, regulations, and property standards
12. Termination: Grounds for termination, notice periods, and consequences of termination
13. Dispute Resolution: Process for resolving disputes including mediation and arbitration procedures
1. Special Conditions: Used when there are unique requirements or circumstances specific to the property or arrangement
2. Additional Services: Include when management company offers services beyond standard property management
3. Performance Metrics: Add when parties want to include specific KPIs and performance measurement criteria
4. Property Improvement: Include when agreement covers property renovation or improvement works
5. Sub-letting Restrictions: Add specific restrictions on sub-letting arrangements if required
6. Force Majeure: Include specific provisions for unforeseen circumstances affecting property management
7. Change of Ownership: Add when specific provisions for property sale or transfer are needed
1. Schedule 1 - Property Details: Detailed description of the property including address, features, and condition report
2. Schedule 2 - Management Services: Comprehensive list of included management services and responsibilities
3. Schedule 3 - Fee Structure: Detailed breakdown of all fees, charges, and payment terms
4. Schedule 4 - Maintenance Schedule: Planned maintenance activities and responsibilities
5. Schedule 5 - Reporting Requirements: Format and frequency of required management reports
6. Appendix A - Property Photos: Photographic evidence of property condition at agreement start
7. Appendix B - Certificates and Licenses: Copies of relevant property certificates and management licenses
8. Appendix C - Insurance Certificates: Copies of required insurance policies and certificates
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Property Investment
Facilities Management
Real Estate Investment
Property Development
Legal
Property Management
Operations
Finance
Compliance
Risk Management
Asset Management
Business Development
Real Estate
Facilities Management
Property Manager
Real Estate Manager
Facilities Manager
Property Owner
Asset Manager
Legal Counsel
Real Estate Director
Operations Manager
Portfolio Manager
Property Investment Manager
Compliance Officer
Risk Manager
Financial Controller
Business Development Manager
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