The Real Estate Management Agreement (Immobilienverwaltungsvertrag) is a crucial document in Austrian property management practice that establishes a professional relationship between property owners and management companies. This Management Agreement (Real Estate) is essential when property owners seek to delegate the day-to-day management and operation of their real estate assets to professional managers. The document is structured to comply with Austrian legal requirements, including the ABGB (Austrian Civil Code), MRG (Tenancy Law), and WEG (Condominium Act), while providing comprehensive coverage of management responsibilities, financial arrangements, reporting obligations, and service standards. It is particularly relevant for properties requiring professional management services, from residential complexes to commercial buildings, and can be customized to address specific property needs while maintaining legal compliance.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the property owner(s) and management company, including registration details and authorized representatives
2. Background: Context of the agreement, including property details and purpose of the management arrangement
3. Definitions: Key terms used throughout the agreement, including Austrian legal terminology
4. Appointment and Term: Formal appointment of the manager, duration of agreement, and renewal terms
5. Scope of Services: Comprehensive list of core property management services to be provided
6. Manager's Authority: Extent and limitations of manager's decision-making power and financial authority
7. Owner's Obligations: Responsibilities and obligations of the property owner(s)
8. Financial Management: Handling of income, expenses, budgets, and bank accounts
9. Fees and Payments: Management fees, payment terms, and additional service charges
10. Reporting and Documentation: Required reports, frequency, and documentation standards
11. Insurance and Liability: Insurance requirements and allocation of liabilities
12. Termination: Conditions and procedures for termination by either party
13. Data Protection: Compliance with Austrian data protection laws (DSG)
14. Notices: Communication procedures and contact details
15. Governing Law: Confirmation of Austrian law application and jurisdiction
1. Multiple Property Management: Additional terms for managing multiple properties - include when agreement covers more than one property
2. Special Services: Terms for additional services beyond standard management - include when offering specialized services
3. Emergency Procedures: Specific protocols for emergency situations - recommended for larger properties
4. Staff Management: Terms regarding on-site staff - include when property requires dedicated personnel
5. Green Building Management: Sustainable property management practices - include for environmentally certified buildings
6. Heritage Property Requirements: Special terms for historical buildings - include when property is under DMSG protection
7. Development and Renovation: Terms for managing property improvements - include when significant works are planned
8. Marketing and Leasing: Additional terms for vacancy management - include when active leasing is required
1. Property Details: Detailed description of the property, including address, size, facilities, and current condition
2. Service Level Agreement: Detailed breakdown of services and performance standards
3. Fee Schedule: Comprehensive breakdown of all fees and charges
4. Authorized Signatories: List of authorized persons who can make decisions for each party
5. Emergency Contacts: List of emergency contacts and procedures
6. Maintenance Schedule: Planned maintenance activities and frequencies
7. Reporting Templates: Standard formats for required reports
8. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
9. Bank Account Details: Designated account information for financial transactions
10. Property Staff: Details of on-site staff and their responsibilities
Find the exact document you need
Asset Management Agreement (Real Estate)
Austrian law-governed agreement for professional management of real estate assets, establishing service scope and management responsibilities.
Download
Commercial Property Management Agreement
An Austrian law-governed agreement between property owner and management company for professional management of commercial real estate.
Download
Management Agreement (Real Estate)
An Austrian law-governed agreement between property owners and management companies defining property management services, responsibilities, and obligations.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)