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1. Parties: Identification of the property manager and all participating property owners
2. Background: Context of the rental pool arrangement and purpose of the agreement
3. Definitions: Defined terms used throughout the agreement
4. Pool Participation: Terms of participation in the rental pool, including entry and exit conditions
5. Management Services: Detailed description of services provided by the property manager
6. Revenue Distribution: Method of calculating and distributing rental income among pool participants
7. Expenses and Costs: Allocation of operating expenses, maintenance costs, and management fees
8. Manager's Rights and Obligations: Specific responsibilities and authority of the property manager
9. Owner's Rights and Obligations: Responsibilities and commitments of participating property owners
10. Financial Reporting: Requirements for financial statements, accounts, and reporting to owners
11. Insurance and Liability: Insurance requirements and allocation of risks
12. Term and Termination: Duration of agreement and termination provisions
13. Dispute Resolution: Process for resolving disputes between parties
14. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Marketing and Promotion: Specific provisions for marketing the rental properties, used when marketing is a significant component of the services
2. Minimum Performance Standards: Performance metrics for the manager, included when owners want specific benchmarks
3. Property Maintenance Standards: Detailed maintenance requirements, included for high-end properties or specific property types
4. Seasonal Operations: Special provisions for seasonal rentals, used for vacation properties or seasonal markets
5. Multiple Property Classes: Provisions for different types of properties in the pool, used when pool includes diverse property types
6. Reserve Fund: Requirements for maintaining a reserve fund, included for properties requiring significant maintenance
7. Sub-Management: Provisions allowing the manager to delegate certain duties, used for large-scale operations
1. Schedule A - Property Details: List and description of all properties in the rental pool
2. Schedule B - Fee Structure: Detailed breakdown of management fees and charges
3. Schedule C - Revenue Distribution Formula: Detailed calculation method for revenue sharing
4. Schedule D - Service Level Agreement: Specific performance metrics and service standards
5. Schedule E - Maintenance Standards: Detailed maintenance and upkeep requirements
6. Schedule F - Required Insurance: Specific insurance requirements for manager and owners
7. Schedule G - Operating Procedures: Detailed procedures for day-to-day operations
8. Appendix 1 - Property Management Software: Requirements for property management software and reporting tools
9. Appendix 2 - Emergency Procedures: Procedures for handling emergency situations
Real Estate
Hospitality
Tourism
Property Management
Vacation Rentals
Commercial Real Estate
Residential Real Estate
Hotel and Resort Management
Serviced Apartments
Investment Properties
Legal
Operations
Property Management
Finance
Asset Management
Risk and Compliance
Real Estate
Business Development
Revenue Management
Facilities Management
Property Manager
Real Estate Manager
Asset Manager
Operations Director
General Manager
Legal Counsel
Property Administrator
Facility Manager
Revenue Manager
Business Development Manager
Investment Manager
Compliance Officer
Risk Manager
Financial Controller
Strata Manager
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