Document background
The Property Management Contract is essential for establishing professional property management services in India. It is typically used when property owners wish to delegate the day-to-day management and maintenance of their real estate assets to professional management companies. The contract, governed by Indian law, includes comprehensive provisions for service scope, maintenance responsibilities, financial management, reporting requirements, and compliance with local regulations. A Property Management Contract is particularly important in ensuring clear accountability and service standards while protecting both parties' interests. The document accommodates various property types, from residential complexes to commercial buildings, and can be customized based on specific property requirements and management needs. It addresses key aspects such as fee structures, maintenance protocols, emergency procedures, and reporting obligations while ensuring compliance with relevant Indian legislation including RERA and local municipal laws.
