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Property Management Contract
"I need a Property Management Contract under Dutch law for a portfolio of five commercial office buildings in Amsterdam, with specific provisions for sustainability reporting and energy efficiency management, to be effective from March 1, 2025."
1. Parties: Identification of the property owner and the property management company, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including brief description of the property/properties and the owner's desire to engage professional management services
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Services', 'Management Fee', 'Tenants', etc.
4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms
5. Scope of Services: Comprehensive list of core property management services to be provided
6. Manager's Obligations: Detailed responsibilities and duties of the property manager, including reporting requirements and standard of care
7. Owner's Obligations: Responsibilities of the property owner, including provision of necessary information and funds
8. Financial Management: Procedures for rent collection, operating expenses, accounting, and financial reporting
9. Fees and Expenses: Management fees, payment terms, and reimbursable expenses
10. Insurance and Liability: Required insurance coverage and allocation of liability between parties
11. Termination: Grounds for termination, notice periods, and post-termination obligations
12. Data Protection: Compliance with GDPR/AVG requirements for handling personal data
13. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes
1. Emergency Procedures: Specific procedures for handling emergency situations, recommended for larger properties or residential complexes
2. Sustainability Management: Environmental and sustainability requirements, relevant for properties seeking green certification or subject to environmental regulations
3. Marketing and Leasing: Procedures for marketing vacant units and lease administration, relevant for properties with high turnover or regular vacancies
4. Capital Improvements: Procedures for managing major renovations or improvements, relevant for older properties or those requiring significant upgrades
5. Multi-Property Management: Additional provisions for managing multiple properties, relevant when the agreement covers a portfolio of properties
6. Staff and Contractors: Requirements for on-site staff and contractor management, relevant for larger properties requiring dedicated personnel
1. Schedule 1 - Property Details: Detailed description of the property/properties, including address, size, units, and specific features
2. Schedule 2 - Scope of Services: Detailed breakdown of all management services, including frequency and performance standards
3. Schedule 3 - Fee Schedule: Detailed breakdown of management fees, additional service fees, and expense categories
4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports and their frequency
5. Schedule 5 - Key Performance Indicators: Specific performance metrics and targets for the property manager
6. Schedule 6 - Emergency Contacts: List of emergency contacts and procedures for both parties
7. Appendix A - Property Management Software: Specifications of software systems to be used for property management and reporting
8. Appendix B - Maintenance Contractors: List of approved contractors and procurement procedures
Authors
Real Estate
Property Management
Commercial Property
Residential Property
Property Investment
Facilities Management
Property Development
Asset Management
Real Estate Investment
Legal
Real Estate
Property Management
Operations
Facilities Management
Asset Management
Compliance
Finance
Administration
Risk Management
Property Manager
Asset Manager
Real Estate Manager
Facilities Manager
Property Owner
Real Estate Investment Manager
Legal Counsel
Compliance Officer
Operations Manager
Portfolio Manager
Real Estate Director
Property Administrator
Building Manager
Real Estate Operations Manager
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