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Property Management Contract Agreement
"I need a Property Management Contract Agreement for a portfolio of three residential properties in Auckland, New Zealand, with specific provisions for maintenance spending limits and quarterly performance reviews, to commence from March 1, 2025."
1. Parties: Identification of the property owner and the property management company, including full legal names and contact details
2. Background: Context of the agreement, including property details and purpose of engagement
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Appointment and Authority: Formal appointment of the property manager and scope of delegated authority
5. Term of Agreement: Duration of the management agreement, including start date and renewal terms
6. Property Manager's Services: Comprehensive list of services to be provided by the property manager
7. Property Owner's Obligations: Responsibilities and obligations of the property owner
8. Financial Management: Details of rent collection, trust account management, and financial reporting
9. Fees and Expenses: Complete breakdown of management fees, commission structures, and reimbursable expenses
10. Insurance and Liability: Insurance requirements and allocation of liability between parties
11. Maintenance and Repairs: Procedures for property maintenance, spending limits, and emergency repairs
12. Compliance: Obligations regarding legal compliance, including health and safety requirements
13. Termination: Conditions and procedures for terminating the agreement
14. Dispute Resolution: Process for handling disputes between parties
15. General Provisions: Standard contract clauses including notices, amendments, and governing law
1. Body Corporate Management: Additional provisions for managing properties subject to body corporate rules and requirements
2. Commercial Property Provisions: Specific clauses for commercial property management if applicable
3. Multiple Property Management: Additional terms for managing multiple properties under one agreement
4. Advertising and Marketing: Detailed provisions for property marketing services if included
5. Property Development: Terms relating to managing properties under development or renovation
6. Foreign Owner Provisions: Special requirements for overseas property owners including tax obligations
7. Delegation: Terms allowing the property manager to delegate certain duties to third parties
1. Schedule 1: Property Details: Detailed description of the managed property including address, features, and condition report
2. Schedule 2: Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
3. Schedule 3: Maintenance Schedule: Planned maintenance activities and spending authorities
4. Schedule 4: Service Level Agreement: Specific performance metrics and service standards
5. Schedule 5: Key Contact Details: List of important contacts including emergency contractors and service providers
6. Appendix A: Property Manager's Scope of Services: Detailed list of all services included in the management agreement
7. Appendix B: Property Condition Report: Initial condition report with photographs and inventory if applicable
8. Appendix C: Required Insurance Certificates: Copies of required insurance policies and certificates
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Property Investment
Property Development
Facilities Management
Real Estate Services
Legal
Property Management
Operations
Compliance
Finance
Asset Management
Client Services
Facilities Management
Contract Administration
Risk Management
Property Manager
Real Estate Agent
Facilities Manager
Property Owner
Asset Manager
Operations Manager
Legal Counsel
Contract Administrator
Portfolio Manager
Property Administrator
Compliance Officer
Real Estate Investment Manager
Property Services Director
Building Manager
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