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Agent And Landlord Agreement Template for New Zealand

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Key Requirements PROMPT example:

Agent And Landlord Agreement

"I need a standard Agent and Landlord Agreement for my residential property in Auckland, New Zealand, with basic property management services and a maintenance spending limit of $500 without prior approval."

Document background
The Agent and Landlord Agreement serves as a fundamental legal document in New Zealand's property management industry, establishing the professional relationship between property managers and property owners. This agreement is essential when a property owner wishes to delegate the management of their residential or commercial property to a professional property management company. It comprehensively covers service scope, fee structures, maintenance procedures, financial management, and compliance with New Zealand legislation including the Residential Tenancies Act 1986, Real Estate Agents Act 2008, and related regulations. The document is designed to protect both parties' interests while ensuring transparent and professional property management services aligned with New Zealand's legal requirements and industry best practices.
Suggested Sections

1. Parties: Identification of the Agent (property management company) and the Landlord, including full legal names, company details, and contact information

2. Background: Context of the agreement, including the purpose of engaging the property manager and reference to relevant legislation

3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Services', 'Management Fee', etc.

4. Appointment and Term: Formal appointment of the agent, scope of authority, and duration of the agreement including renewal terms

5. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property marketing, tenant selection, rent collection, maintenance coordination, and reporting

6. Landlord's Obligations: Responsibilities of the landlord, including providing accurate information, maintaining insurance, and funding property expenses

7. Fees and Expenses: Detailed breakdown of management fees, commission structures, and additional charges for specific services

8. Property Maintenance and Repairs: Procedures for handling maintenance requests, spending limits, emergency repairs, and contractor engagement

9. Financial Management: Handling of rent collection, trust account management, financial reporting, and disbursement procedures

10. Compliance and Legal Obligations: Responsibilities regarding compliance with relevant legislation, including Residential Tenancies Act and Health and Safety requirements

11. Termination: Conditions and procedures for terminating the agreement by either party

12. General Provisions: Standard contractual provisions including dispute resolution, notices, assignment, and governing law

Optional Sections

1. Multiple Property Management: Additional terms for managing multiple properties, used when the landlord has a portfolio of properties

2. Body Corporate Management: Specific provisions for properties subject to body corporate rules, used for apartments or units

3. Guarantee: Terms for personal guarantee, used when dealing with company landlords

4. Additional Services: Terms for extra services like renovation project management or property development consulting

5. Insurance Claims Management: Specific procedures for handling insurance claims, useful for properties in high-risk areas

6. Foreign Investment Provisions: Additional compliance requirements for overseas landlords

7. Property Development Services: Terms for managing properties under development or renovation

Suggested Schedules

1. Schedule 1: Property Details: Specific details of each managed property, including address, features, and any special requirements

2. Schedule 2: Fee Schedule: Detailed breakdown of all fees, charges, and commission structures

3. Schedule 3: Maintenance Spending Limits: Specified limits for maintenance expenditure and approval requirements

4. Schedule 4: Reporting Requirements: Format and frequency of various reports to be provided to the landlord

5. Schedule 5: Key Performance Indicators: Specific performance metrics and targets for the agent

6. Appendix A: Property Condition Report: Detailed assessment of property condition at the start of management

7. Appendix B: Required Insurance Coverage: Specifications for required insurance coverage and limits

8. Appendix C: Authorized Contractors List: Pre-approved contractors and service providers for property maintenance

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses


































Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Property Investment

Real Estate Services

Property Development

Asset Management

Facilities Management

Relevant Teams

Legal

Property Management

Operations

Business Development

Compliance

Finance

Client Services

Facilities Management

Asset Management

Administrative Support

Relevant Roles

Property Manager

Real Estate Agent

Property Management Director

Asset Manager

Facilities Manager

Property Portfolio Manager

Business Development Manager

Operations Manager

Compliance Officer

Legal Counsel

Property Administrator

Leasing Manager

Regional Property Manager

Client Relationship 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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