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Management Lease Agreement
"I need a Management Lease Agreement for a 20-story commercial office building in Auckland CBD, where the management company will handle all operations, maintenance, and tenant relations starting March 2025, with strict performance KPIs and a profit-sharing arrangement."
1. Parties: Identification of the property owner (lessor) and management company (lessee), including full legal names and addresses
2. Background: Context of the agreement, property details, and purpose of the management arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Term and Renewal: Duration of the management lease, commencement date, and renewal options
5. Management Rights and Responsibilities: Detailed outline of the manager's duties, authority limits, and operational responsibilities
6. Financial Terms: Management fees, payment terms, revenue sharing arrangements, and financial reporting requirements
7. Property Maintenance and Operations: Standards for property maintenance, repairs, and operational procedures
8. Compliance Obligations: Requirements to comply with relevant laws, regulations, and industry standards
9. Insurance and Liability: Insurance requirements and allocation of liability between parties
10. Reporting and Performance Standards: Required reports, performance metrics, and monitoring procedures
11. Default and Termination: Events of default, remedies, and termination procedures
12. Dispute Resolution: Process for resolving disputes between parties
13. General Provisions: Standard legal provisions including notices, assignment, and governing law
1. Staff Management: Required when the management company will be employing staff for property operations
2. Marketing and Promotion: Relevant for properties requiring active marketing or promotional activities
3. Environmental Compliance: Important for properties with specific environmental considerations or requirements
4. Body Corporate Relations: Necessary for properties subject to body corporate governance
5. Retail Operations: Required for management of retail properties or shopping centers
6. Tenant Relations: Important when management includes direct tenant interaction and management
7. Capital Improvements: Needed when management includes responsibility for major property improvements
8. Emergency Procedures: Required for properties with specific emergency management needs
1. Schedule 1: Property Details: Detailed description of the property, including address, title details, and physical characteristics
2. Schedule 2: Management Fee Structure: Detailed breakdown of all fees, charges, and commission structures
3. Schedule 3: Service Level Requirements: Specific performance metrics and service standards required of the manager
4. Schedule 4: Maintenance Schedule: Detailed maintenance requirements and schedules for different property elements
5. Schedule 5: Reporting Templates: Standard formats for required operational and financial reports
6. Schedule 6: Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
7. Schedule 7: Key Performance Indicators: Specific metrics for measuring management performance
8. Appendix A: Property Plans: Floor plans, site plans, and other relevant property drawings
9. Appendix B: Operating Procedures: Detailed operational procedures and guidelines
10. Appendix C: Emergency Protocols: Emergency response procedures and contact information
Authors
Commercial Real Estate
Residential Property
Retail Property Management
Industrial Property
Hospitality
Mixed-Use Development
Student Accommodation
Senior Living
Shopping Center Management
Office Building Management
Legal
Operations
Property Management
Asset Management
Facilities Management
Contract Administration
Risk Management
Compliance
Real Estate
Finance
Property Manager
Facility Manager
Asset Manager
Real Estate Manager
Operations Director
Commercial Property Manager
Building Manager
General Counsel
Legal Counsel
Contract Manager
Chief Operating Officer
Portfolio Manager
Property Services Manager
Real Estate Director
Compliance Officer
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