The Exclusive Property Management Agreement is essential for property owners seeking professional management services in England and Wales. This document establishes a formal relationship where a management company is granted exclusive rights to handle property operations, maintenance, tenant relations, and financial matters. It's particularly important for properties requiring professional oversight, whether residential or commercial. The agreement details service scope, fee structures, operational procedures, and compliance requirements, protecting both parties' interests while ensuring adherence to UK property management regulations.
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1. 1. Parties: Identification and details of the property owner and management company
2. 2. Background: Context of the agreement and property details
3. 3. Definitions: Key terms used throughout the agreement
4. 4. Appointment and Term: Scope of exclusive appointment and duration
5. 5. Manager's Duties: Core responsibilities and services to be provided
6. 6. Owner's Obligations: Property owner's responsibilities and commitments
7. 7. Fees and Payments: Management fees, payment terms, and additional charges
8. 8. Termination: Conditions for ending the agreement
1. Insurance Arrangements: Optional section covering insurance requirements and arrangements when the manager handles insurance matters
2. Emergency Procedures: Optional section detailing protocols for emergency situations for properties requiring specific emergency procedures
3. Marketing Services: Optional section covering terms for marketing vacant properties when letting services are included
1. Schedule 1: The Property: Detailed description of the managed property including address, specifications, and any unique features
2. Schedule 2: Services: Comprehensive list of management services provided including regular maintenance, inspections, and special services
3. Schedule 3: Fee Structure: Detailed breakdown of all fees and charges including management fees, additional service fees, and payment terms
4. Appendix A: Property Inventory: Detailed inventory of property contents and condition at the start of the management agreement
5. Appendix B: Maintenance Contractors: List of approved contractors and their services for property maintenance and repairs
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