The Short Term Rental Property Management Agreement is essential for property owners in the UAE who wish to engage professional management services for their short-term rental properties. This document is particularly relevant in the context of the growing holiday homes market in major emirates like Dubai and Abu Dhabi, where specific regulations govern short-term rental operations. The agreement covers crucial aspects such as property marketing, guest management, maintenance services, financial reporting, and regulatory compliance. It is designed to comply with UAE Federal Laws, including the Civil Code and relevant emirate-specific regulations regarding holiday homes and short-term rentals. The document is commonly used by individual investors, property companies, and management firms operating in the UAE's dynamic real estate and tourism sectors, providing a comprehensive framework for professional property management services.
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1. Parties: Identification of the Property Owner and the Property Management Company, including full legal names, addresses, and licensing details
2. Background: Brief context about the property, the owner's intention to offer it for short-term rental, and the manager's expertise and qualifications
3. Definitions: Key terms used throughout the agreement including Property, Services, Booking Platform, Guest, Short-term Rental, etc.
4. Appointment and Term: Formal appointment of the manager, duration of the agreement, and renewal terms
5. Manager's Services and Obligations: Comprehensive list of services to be provided, including marketing, guest screening, check-in/out, maintenance, cleaning, etc.
6. Owner's Obligations: Property owner's responsibilities including maintaining insurance, providing access, maintaining property standards, etc.
7. Financial Terms: Management fees, commission structure, expense handling, payment terms, and financial reporting requirements
8. Operational Procedures: Specific procedures for bookings, guest communications, maintenance requests, and emergency situations
9. Compliance and Licenses: Obligations regarding local regulations, permits, and maintaining necessary licenses
10. Insurance and Liability: Insurance requirements, liability allocation, and indemnification provisions
11. Termination: Grounds for termination, notice requirements, and post-termination obligations
12. Governing Law and Dispute Resolution: Specification of UAE law governance and dispute resolution procedures
1. Marketing Standards: Detailed marketing requirements and standards, recommended when the property owner wants specific control over marketing activities
2. Revenue Optimization: Specific provisions for pricing strategy and revenue management, useful for luxury properties or highly competitive markets
3. Property Maintenance Standards: Detailed maintenance and cleaning standards, recommended for high-end properties or those with specific maintenance requirements
4. Guest Screening Criteria: Specific criteria for guest acceptance, recommended when owner wants control over guest selection
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant given recent global events
6. Intellectual Property: Provisions regarding use of property images and marketing materials, important for luxury properties or branded residences
1. Schedule 1 - Property Details: Detailed description of the property, including inventory, furnishings, and equipment
2. Schedule 2 - Service Level Agreement: Detailed breakdown of services, response times, and performance metrics
3. Schedule 3 - Fee Structure: Detailed breakdown of all fees, commissions, and charges
4. Schedule 4 - Approved Suppliers: List of approved maintenance, cleaning, and other service providers
5. Schedule 5 - House Rules: Rules and regulations for guests, including check-in/out procedures
6. Schedule 6 - Required Licenses and Permits: List of required licenses and permits with renewal dates
7. Appendix A - Property Photos: Current photographs documenting property condition
8. Appendix B - Insurance Certificates: Copies of required insurance certificates
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