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Condo Management Contract Template for United States

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Key Requirements PROMPT example:

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."

Document background
The Condo Management Contract serves as the foundational document governing the relationship between condominium associations and professional management companies in the United States. This contract type is essential when associations seek professional management of their property, requiring detailed documentation of services, responsibilities, and compliance requirements. It addresses key aspects such as maintenance, financial management, administrative duties, and regulatory compliance at federal, state, and local levels. The document is particularly important for establishing clear accountability, service standards, and financial arrangements while ensuring compliance with relevant property management laws and regulations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Fair Housing Act (FHA): Federal law prohibiting discrimination in housing and requiring reasonable accommodations for disabled residents

Americans with Disabilities Act (ADA): Federal legislation governing accessibility requirements for common areas and public spaces in condominium properties

Fair Debt Collection Practices Act (FDCPA): Federal law regulating the collection of association dues and assessments, setting standards for debt collection practices

State Condominium Acts: State-specific legislation governing the formation and operation of condo associations, defining rights and responsibilities of all parties involved

State Property Management Laws: State-level regulations defining licensing requirements and financial responsibilities for property managers

State Real Estate Laws: State legislation governing property maintenance standards and insurance requirements for real estate management

Local Municipal Codes: City/county-specific regulations covering building codes, zoning regulations, and health and safety requirements

Employment Laws: Federal and state legislation governing employment relationships, including workers' compensation and minimum wage requirements for management company staff

Insurance Regulations: Requirements for professional liability, property, and workers' compensation insurance coverage in property management

Financial Regulations: Laws and regulations governing the handling of association funds, reserve fund requirements, and audit requirements for condo management

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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