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Property Management Contract
"I need a Property Management Contract for a newly constructed 50-unit luxury condominium in Singapore's Orchard Road area, with emphasis on high-end amenities management and concierge services, starting from March 2025."
1. Parties: Identifies and defines the contracting parties - the property management company and the property owner/corporation
2. Background: Context of the agreement including property details and purpose of engagement
3. Definitions: Key terms used throughout the agreement including technical and legal definitions
4. Scope of Services: Detailed description of management services including maintenance, security, cleaning, and administrative duties
5. Term and Termination: Duration of agreement, renewal terms, and conditions for termination by either party
6. Fees and Payment Terms: Management fees, payment schedule, additional charges, and late payment provisions
7. Obligations of Property Manager: Specific duties including compliance, reporting, maintenance, and service delivery standards
8. Obligations of Property Owner: Owner's responsibilities including access, information provision, and decision-making authority
9. Insurance Requirements: Required insurance coverage, minimum limits, and certificate requirements
10. Compliance with Laws: Obligations to comply with Singapore property management and building maintenance laws
1. Performance Standards: Specific KPIs and service levels for property management performance measurement
2. Staff Requirements: Specifications for on-site staff including qualifications and working hours
3. Emergency Procedures: Detailed protocols for handling various types of emergencies
4. Sustainable Management Practices: Requirements for environmental compliance and green building maintenance
1. Schedule 1 - Property Details: Comprehensive description of the managed property including facilities and equipment
2. Schedule 2 - Service Level Agreement: Detailed service standards, KPIs, and performance measurement criteria
3. Schedule 3 - Fee Schedule: Detailed breakdown of management fees, additional charges, and payment terms
4. Schedule 4 - Maintenance Schedule: Calendar of planned maintenance activities and their frequencies
5. Schedule 5 - Staff Organization Chart: Management team structure and reporting relationships
6. Schedule 6 - Emergency Procedures Manual: Comprehensive emergency response procedures and contact information
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