The Lease Management Contract is essential for property owners seeking professional management services in Singapore. This document type is particularly relevant when owners require comprehensive property administration, including tenant management, maintenance coordination, and financial oversight. The contract, governed by Singapore law, establishes clear parameters for the management relationship, defining responsibilities, performance standards, and compensation structures. It incorporates requirements from Singapore's property management regulations and industry best practices, making it suitable for various property types from residential condominiums to commercial complexes.
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Key Requirements PROMPT example:
Lease Management Contract
"I need a Lease Management Contract for a 30-story commercial building in Singapore's CBD, with specific provisions for 24/7 security staffing and green building maintenance standards, starting from March 2025."
1. Parties: Identification and details of the property owner and management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used tHRoughout the agreement including references to Singapore legislation
4. Appointment and Term: Scope of appointment and duration of the management contract
5. Manager's Duties and Responsibilities: Detailed listing of all management services to be provided in compliance with Singapore property laws
6. Fees and Payment Terms: Management fees, payment schedule, and additional charges
7. Insurance and Liability: Required insurance coverage and liability provisions under Singapore law
8. Compliance with Laws: Obligations to comply with Singapore property management regulations and statutory requirements
9. Termination: Conditions and procedures for contract termination
10. Dispute Resolution: Procedures for resolving disputes under Singapore law
1. Performance Standards: Specific KPIs and service levels, typically used for larger properties or commercial buildings
2. Staff Requirements: Staffing obligations and qualifications when on-site staff are required
3. Emergency Procedures: Protocols for emergency situations, recommended for high-rise buildings or large complexes
4. Environmental Compliance: Additional environmental obligations under Singapore's Environmental Public Health Act
5. Strata Management Provisions: Special provisions for strata-titled properties under BMSMA
1. Schedule 1 - Property Details: Detailed description of the managed property including location, facilities, and amenities
2. Schedule 2 - Fee Schedule: Comprehensive breakdown of all management fees, charges, and payment terms
3. Schedule 3 - Service Level Agreement: Detailed performance metrics and standards for property management services
4. Schedule 4 - Staff Schedule: Required staff positions, qualifications, and duties where applicable
5. Schedule 5 - Insurance Requirements: Detailed insurance coverage requirements and minimum coverage amounts
6. Schedule 6 - Maintenance Schedule: Regular maintenance tasks, frequencies, and responsibilities
7. Appendix A - Relevant Legislation: List of applicable Singapore laws and regulations affecting the property management
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