The Company Let Management Contract is essential for businesses requiring professional property management services in England and Wales. This contract type is specifically designed for corporate property owners who want to delegate the management of their properties to specialized management companies. It covers crucial aspects including service delivery, maintenance responsibilities, financial arrangements, and compliance requirements. The agreement ensures both parties understand their obligations while adhering to relevant legislation such as the Landlord and Tenant Acts, Companies Act 2006, and various property regulations applicable in England and Wales.
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1. Parties: Identification of management company and property owner
2. Background: Context of the management arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of management services and duration
5. Manager's Obligations: Detailed responsibilities of the management company
6. Owner's Obligations: Responsibilities and commitments of the property owner
7. Fees and Payments: Management fees, payment terms, and additional charges
8. Termination: Conditions for ending the agreement
1. Insurance: Optional section covering insurance requirements and arrangements when management company handles insurance
2. Staff Employment: Optional section covering terms regarding on-site staff for properties requiring dedicated staff
3. Major Works: Optional section covering handling of significant repairs or improvements for properties likely to need substantial works
1. Schedule of Services: Detailed list of management services to be provided
2. Property Schedule: Detailed description of managed property
3. Fee Schedule: Breakdown of all fees and charges
4. Key Performance Indicators: Metrics for measuring management performance
5. Emergency Procedures: Protocol for handling emergency situations
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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