The Management Lease Agreement is essential when property owners wish to delegate the operational management of their properties to professional management companies. This contract type is particularly relevant for larger properties or portfolio management scenarios in England and Wales. The agreement typically includes detailed provisions for service delivery, performance standards, financial arrangements, and regulatory compliance. It should address key aspects of property management while ensuring compliance with relevant legislation such as the Landlord and Tenant Acts and health and safety regulations.
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1. Parties: Details of the landlord, management company, and any other parties
2. Background: Context and purpose of the management agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of management appointment and duration
5. Manager's Duties: Detailed responsibilities and obligations of the management company
6. Fees and Payment Terms: Management fees, payment schedule, and expenses
7. Termination: Conditions and procedures for ending the agreement
1. Performance Standards: Specific KPIs and service levels for larger properties or complex management arrangements
2. Insurance: Additional insurance requirements when manager handles insurance arrangements
3. Staff Transfer: TUPE provisions for cases where existing staff will transfer to new management
1. Property Schedule: Detailed description and specifications of the managed property
2. Services Schedule: Comprehensive list of management services to be provided
3. Fee Schedule: Detailed breakdown of management fees and charges
4. KPI Schedule: Performance metrics and targets for management services
5. Building Rules: Property-specific regulations and procedures for management
Relevant legal definitions
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Relevant Industries
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Relevant Roles
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