The Contract For Property Management Services is essential for property owners in Singapore seeking professional management of their real estate assets. This document is particularly relevant for residential, commercial, or mixed-use properties requiring systematic management and maintenance. It ensures compliance with Singapore's strict property management regulations, including the Building Maintenance and Strata Management Act and related legislation. The contract typically covers all aspects of property management, from daily operations and maintenance to financial management and reporting, while clearly defining the roles, responsibilities, and service standards expected from the property management company.
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1. Parties: Identification and details of the property owner and property management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Scope of Services: Detailed description of property management services to be provided
5. Term and Termination: Duration of agreement and termination conditions
6. Fees and Payment Terms: Management fees, payment schedule, and additional charges
7. Responsibilities and Obligations: Duties of both property manager and property owner
8. Insurance Requirements: Required insurance coverage and limits
9. Compliance with Laws: Obligation to comply with relevant legislation and regulations
1. Performance Standards: Specific KPIs and service level agreements for larger properties or when specific performance metrics are required
2. Emergency Procedures: Protocols for handling emergencies, recommended for properties with specific safety concerns or high-risk facilities
3. Staff Requirements: Specific staffing requirements and qualifications when specific expertise or staffing levels are needed
4. Sustainability Practices: Green building management and environmental requirements for properties with environmental certifications or sustainability goals
1. Property Details Schedule: Detailed description of the property, including floor plans and facilities
2. Service Level Agreement: Detailed performance metrics and service standards
3. Fee Schedule: Detailed breakdown of all fees and charges
4. Maintenance Schedule: Regular maintenance tasks and frequencies
5. Emergency Contact List: List of key contacts for various emergency situations
6. Insurance Requirements: Detailed insurance specifications and coverage requirements
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