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Condo Management Contract
"Need a Condo Management Contract for a 50-unit luxury property in Miami, Florida, with emphasis on high-end amenity management and 24/7 concierge services, to commence from January 1, 2025."
1. Parties: Identification of the management company and the condominium association
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of management services to be provided
5. Term and Termination: Duration of agreement and termination conditions
6. Compensation: Management fees and payment terms
7. Insurance Requirements: Required insurance coverage and limits
1. Emergency Services: Procedures for handling emergency situations - used for larger properties or those requiring 24/7 coverage
2. Capital Improvements: Procedures for managing major property improvements - used for older properties or those planning renovations
3. Staff Management: Terms for managing on-site staff - used when the property has dedicated employees
1. Schedule A - Property Details: Detailed description of the property and common areas
2. Schedule B - Fee Schedule: Detailed breakdown of management fees and additional charges
3. Schedule C - Service Specifications: Detailed scope of services and performance standards
4. Schedule D - Insurance Requirements: Detailed insurance requirements and coverage limits
5. Appendix 1 - Emergency Procedures: Detailed emergency response procedures and contact information
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