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Simple Property Management Agreement
"I need a Simple Property Management Agreement under Belgian law for a portfolio of three residential apartments in Brussels, with the agreement starting from March 1, 2025, including specific provisions for energy efficiency reporting and green building maintenance."
1. Parties: Identification of the property owner and the property management company, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the manager
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Services', 'Management Fee', etc.
4. Appointment and Term: Formal appointment of the property manager and duration of the agreement
5. Manager's Services and Obligations: Detailed description of core property management services, including maintenance, tenant management, and financial administration
6. Owner's Obligations: Property owner's responsibilities, including providing necessary documentation and maintaining adequate insurance
7. Financial Arrangements: Management fees, payment terms, handling of property income and expenses
8. Reporting and Communications: Requirements for regular reporting, financial statements, and communication protocols
9. Insurance and Liability: Insurance requirements and allocation of liability between parties
10. Compliance: Obligations to comply with relevant Belgian laws and regulations
11. Termination: Conditions and procedures for terminating the agreement
12. Governing Law and Dispute Resolution: Specification of Belgian law as governing law and dispute resolution procedures
1. Multiple Properties: Additional provisions for managing multiple properties - include when agreement covers more than one property
2. Special Services: Provisions for additional services beyond standard property management - include when special services are requested
3. Emergency Procedures: Detailed emergency response procedures - include for high-value properties or properties with special requirements
4. Staff and Subcontractors: Provisions regarding use of staff and subcontractors - include when manager will regularly employ third parties
5. Environmental Compliance: Special environmental requirements - include for properties with specific environmental concerns or certifications
6. Marketing Services: Provisions for marketing and advertising services - include when manager will handle property marketing
1. Schedule 1 - Property Details: Detailed description of the property/properties, including address, specifications, and current condition
2. Schedule 2 - Services Specification: Detailed breakdown of all management services to be provided
3. Schedule 3 - Fee Schedule: Comprehensive breakdown of all fees, charges, and payment terms
4. Schedule 4 - Service Level Agreement: Performance metrics and service level requirements
5. Schedule 5 - Maintenance Guidelines: Specific maintenance requirements and procedures
6. Schedule 6 - Required Insurance: Detailed insurance requirements for both parties
7. Appendix A - Power of Attorney: If required, legal authorization for manager to act on owner's behalf
8. Appendix B - Contact Protocol: List of key contacts and communication procedures
Authors
Real Estate
Property Management
Facilities Management
Real Estate Investment
Property Development
Residential Housing
Commercial Property
Asset Management
Property Services
Legal
Real Estate
Property Management
Operations
Asset Management
Facilities Management
Contract Administration
Compliance
Finance
Risk Management
Property Manager
Asset Manager
Real Estate Manager
Facilities Manager
Property Owner
Real Estate Investor
Legal Counsel
Contract Manager
Operations Manager
Portfolio Manager
Property Administrator
Real Estate Director
Compliance Officer
Real Estate Agent
Building Manager
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