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Property Management Contract Agreement
"I need a Property Management Contract Agreement for my 15-story commercial building in Makati City, with particular emphasis on green building maintenance standards and energy efficiency reporting requirements, starting March 1, 2025."
1. Parties: Identifies and provides full details of the property owner and the property management company, including registration numbers and addresses
2. Background: Establishes the context of the agreement, including brief description of the property and the owner's desire to engage professional management services
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Appointment and Term: Formal appointment of the property manager, specifying the initial term and any renewal provisions
5. Scope of Services: Comprehensive list of property management services to be provided, including maintenance, tenant management, and financial responsibilities
6. Property Manager's Responsibilities: Detailed obligations of the property manager, including reporting requirements, maintenance standards, and operational procedures
7. Owner's Responsibilities: Obligations of the property owner, including funding requirements and decision-making authorities
8. Fees and Payment Terms: Management fees, payment schedule, reimbursable expenses, and payment procedures
9. Insurance and Liability: Required insurance coverage and allocation of liability between parties
10. Termination: Grounds for termination, notice requirements, and post-termination obligations
11. Confidentiality: Obligations regarding confidential information and data protection
12. General Provisions: Standard clauses including governing law, dispute resolution, force majeure, and notices
1. Emergency Services: Details specific procedures and authorities for emergency situations - include for properties requiring 24/7 emergency response
2. Special Facilities Management: For properties with special facilities like swimming pools, gyms, or function rooms - details specific management requirements
3. Marketing Services: Include when the property manager is responsible for marketing vacant units or the property itself
4. Development and Renovation: For properties planning major renovations or development projects - outlines additional responsibilities and procedures
5. Staff Management: When the property requires on-site staff - details hiring, supervision, and management responsibilities
6. Environmental Compliance: For properties requiring specific environmental management or certification
7. Security Services: Detailed security requirements for high-security properties or those in sensitive locations
1. Property Details: Detailed description of the property, including address, land title details, and physical characteristics
2. Scope of Services Matrix: Detailed breakdown of services with responsibility matrix between owner and manager
3. Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
4. Key Performance Indicators: Performance metrics and standards for evaluating property management services
5. Operating Budget: Initial or sample annual operating budget for the property
6. Maintenance Schedule: Preventive maintenance schedule and procedures
7. Emergency Procedures: Detailed emergency response procedures and contact information
8. Required Insurance: Specific insurance requirements including types of coverage and minimum amounts
9. Property Staff Structure: Organization chart and job descriptions for on-site staff
10. Report Templates: Templates for required periodic reports and documentation
Authors
Real Estate
Commercial Property
Residential Property
Retail Property
Industrial Property
Hospitality
Office Space Management
Mixed-Use Development
Shopping Center Management
Condominium Management
Facility Management
Property Development
Legal
Operations
Property Management
Asset Management
Facilities Management
Finance
Compliance
Real Estate
Maintenance
Administrative
Contract Management
Risk Management
Property Manager
Real Estate Manager
Facility Manager
Building Manager
Asset Manager
Operations Manager
Legal Counsel
Real Estate Director
Property Management Executive
Leasing Manager
Maintenance Manager
Financial Controller
Contract Administrator
Real Estate Services Director
Compliance Officer
Property Owner
Building Administrator
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