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Building Management Contract
"I need a Building Management Contract for a 50-unit residential apartment complex in Chicago, with specific provisions for snow removal services and 24/7 emergency maintenance, starting from March 1, 2025."
1. Parties: Identifies and defines the building owner and management company
2. Background: Sets out the context of the agreement and property details
3. Definitions: Defines key terms used throughout the contract
4. Scope of Services: Details the specific management services to be provided
5. Term and Termination: Duration of the agreement and termination conditions
6. Fees and Payment Terms: Management fees, payment schedule, and reimbursable expenses
7. Obligations and Responsibilities: Specific duties of both building manager and property owner
8. Insurance and Liability: Required insurance coverage and liability limitations
1. Emergency Services: Procedures for emergency situations - recommended for larger properties or those with specific safety concerns
2. Environmental Compliance: Environmental management responsibilities - required when property has specific environmental considerations
3. Staff Management: Employment and supervision of on-site staff - included when contract includes staffing responsibilities
4. Capital Improvements: Procedures for major improvements and renovations - required when building needs significant upgrades
1. Property Description Schedule: Detailed description of the managed property including address, facilities, and specifications
2. Service Level Agreement Schedule: Specific performance metrics and standards for building management services
3. Fee Schedule: Detailed breakdown of all fees and charges including management fees and reimbursable expenses
4. Maintenance Schedule: Regular maintenance tasks and frequencies for building systems and facilities
5. Emergency Procedures Manual: Detailed emergency response protocols and contact information
6. Insurance Requirements Schedule: Specific insurance coverage requirements and minimum coverage amounts
7. Staff Organization Chart: Structure of management team and reporting lines for building operations
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