The Condominium Management Agreement serves as the primary document governing the relationship between a condominium's Management Corporation and its appointed Managing Agent in Singapore. This agreement is essential when a condominium development requires professional management services, typically after receiving its Temporary Occupation Permit (TOP) or during a change of managing agents. It comprehensively details the scope of services, performance standards, financial arrangements, and operational procedures while ensuring compliance with Singapore's Building Maintenance and Strata Management Act and related regulations.
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1. Parties: Identifies the management corporation and the managing agent
2. Background: Context of the agreement and property details
3. Definitions: Key terms used tHRoughout the agreement including references to BMSMA and other relevant legislation
4. Scope of Services: Detailed description of management services to be provided in accordance with BMSMA requirements
5. Term and Termination: Duration of agreement and termination conditions
6. Fees and Payment Terms: Management fees, payment schedule, and related terms
7. Obligations of the Managing Agent: Specific duties and responsibilities including compliance with BMSMA and other regulatory requirements
8. Obligations of the Management Corporation: Requirements and responsibilities of the property owner
9. Compliance and Reporting: Regulatory compliance requirements and reporting obligations
10. General Provisions: Standard contractual provisions including governing law and dispute resolution
1. Insurance Requirements: Specific insurance coverage requirements beyond statutory minimums
2. Performance Metrics: Specific KPIs and service standards for performance measurement
3. Emergency Procedures: Special procedures for emergencies and crisis management
4. Data Protection Obligations: Specific obligations under PDPA for handling resident data
1. Schedule 1: Property Details: Detailed description of the property and facilities under management
2. Schedule 2: Scope of Services: Detailed breakdown of management services and responsibilities
3. Schedule 3: Fee Schedule: Detailed breakdown of all fees and charges
4. Schedule 4: Service Level Requirements: Specific service standards and performance metrics
5. Appendix A: Emergency Contact List: List of emergency contacts and procedures
6. Appendix B: Maintenance Schedule: Regular maintenance requirements and schedule
7. Appendix C: Relevant Legislation: List of applicable laws and regulations including BMSMA requirements
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