The Property Management Agreement Between Landlord And Agent is essential when a property owner wishes to delegate the management of their property to a professional agent in England and Wales. This agreement is particularly important for ensuring clear understanding of responsibilities, service levels, and fee structures. It includes provisions for property maintenance, tenant management, financial reporting, and regulatory compliance. The document helps protect both parties' interests while ensuring adherence to UK property laws, including the Housing Act 2004, Tenant Fees Act 2019, and various safety regulations.
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1. Parties: Identification of the Landlord and Property Management Agent, including full legal names and addresses
2. Background: Context of the agreement and brief description of the property management arrangement
3. Definitions: Key terms used throughout the agreement including 'Property', 'Services', 'Management Fee', etc.
4. Appointment and Term: Formal appointment of the agent and duration of the agreement
5. Agent's Obligations: Comprehensive list of services and duties the agent will perform
6. Landlord's Obligations: Responsibilities and commitments of the landlord
7. Fees and Payments: Detailed breakdown of management fees, additional charges, and payment terms
8. Termination: Conditions and procedures for ending the agreement
9. Liability and Insurance: Scope of agent's liability and insurance requirements
1. Marketing Services: Details of property marketing services, including tenant finding and advertising provisions
2. Maintenance Services: Specific provisions for property maintenance, repairs, and contractor management
3. Rent Collection: Procedures for rent collection, arrears management, and financial reporting
4. Multi-Property Provisions: Special terms and conditions for managing multiple properties under the same agreement
1. Schedule 1: Property Details: Detailed description of the managed property/properties including address, features, and condition
2. Schedule 2: Services Schedule: Detailed breakdown of included management services and service levels
3. Schedule 3: Fee Schedule: Comprehensive list of all fees, charges, and commission structures
4. Schedule 4: Key Performance Indicators: Metrics and standards for measuring agent's performance
5. Appendix A: Compliance Checklist: List of regulatory requirements and compliance procedures for property management
6. Appendix B: Emergency Procedures: Protocols and procedures for handling emergency situations at the property
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