The Landlord And Property Manager Agreement is essential for property owners in Singapore seeking professional management services for their real estate investments. This document is particularly relevant given Singapore's strict property management regulations and licensing requirements under the Estate Agents Act 2010. It establishes clear guidelines for property maintenance, tenant relations, financial management, and regulatory compliance while protecting both parties' interests. The agreement is commonly used for both residential and commercial properties, incorporating specific provisions required by Singapore law.
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Key Requirements PROMPT example:
Landlord And Property Manager Agreement
"I need a Landlord And Property Manager Agreement for my commercial property in Singapore CBD, where the property manager will handle full building management including tenant sourcing and maintenance, with management fees of 5% of rental income. The agreement should start from March 1, 2025."
1. Parties: Identifies and details the landlord and property manager
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of appointment and duration of agreement
5. Property Manager's Duties: Detailed responsibilities and services to be provided
6. Fees and Payment Terms: Management fees, commission structure, and payment schedule
7. Compliance Requirements: Regulatory obligations and licensing requirements
8. Termination: Conditions for ending the agreement
1. Insurance Requirements: Specific insurance coverage requirements - used for high-value properties or when specific risks need coverage
2. Marketing Services: Provisions for marketing and tenant acquisition - used when property manager handles tenant sourcing
3. Maintenance Fund: Terms for maintaining emergency repair funds - used for properties requiring regular maintenance or repairs
4. Strata Management: Specific provisions for strata property management - used when property is part of strata development
1. Property Details Schedule: Detailed description of managed property
2. Fee Schedule: Breakdown of all fees and charges
3. Service Level Agreement: Detailed scope of services and performance metrics
4. Property Manager's Licenses: Copies of relevant licenses and certifications
5. Maintenance Schedule: Regular maintenance tasks and frequencies
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