The Commercial Property Management Agreement is essential for property owners seeking professional management of their commercial real estate assets in England and Wales. This document defines the relationship between the property owner and the appointed manager, establishing clear parameters for property management services, performance standards, and financial arrangements. It is particularly important for ensuring compliance with UK property legislation, maintaining property value, and optimizing operational efficiency. The agreement typically covers areas such as maintenance, tenant management, financial reporting, and regulatory compliance, making it a crucial document for professional property management relationships.
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1. Parties: Identifies and defines the property manager and property owner
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope and duration of the property manager's appointment
5. Manager's Duties: Core responsibilities and services to be provided
6. Fees and Expenses: Payment terms, management fees, and reimbursable expenses
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Compliance with Laws: Obligations regarding legal and regulatory compliance
9. Liability and Indemnification: Limitations of liability and indemnification provisions
10. Termination: Circumstances and procedures for ending the agreement
11. General Provisions: Standard boilerplate clauses including notices, governing law, and dispute resolution
1. Insurance Provisions: Details of required insurance coverage and responsibilities for maintaining insurance
2. Service Level Agreement: Specific performance metrics and standards for service delivery
3. Environmental Compliance: Specific obligations regarding environmental standards and sustainability requirements
4. Health and Safety: Specific obligations regarding health and safety management
5. Reporting Requirements: Details of required reports, frequency, and content
1. Schedule 1 - Property Details: Detailed description and specification of the managed property
2. Schedule 2 - Services: Comprehensive list of management services to be provided
3. Schedule 3 - Fee Schedule: Detailed breakdown of fees, charges, and payment terms
4. Schedule 4 - Key Performance Indicators: Metrics and standards for measuring management performance
5. Schedule 5 - Emergency Procedures: Protocols and procedures for handling emergency situations
6. Schedule 6 - Authorized Personnel: List of key personnel authorized to act on behalf of each party
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