The Car Property Management Agreement is essential when vehicle owners seek professional management of their automotive assets. This U.S.-compliant contract defines the relationship between the owner and management company, detailing responsibilities for vehicle maintenance, storage, insurance, and operational oversight. It's particularly valuable for fleet owners, luxury vehicle collectors, and businesses requiring professional vehicle management services, ensuring clear accountability and service standards while maintaining compliance with federal and state regulations.
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1. Parties: Identifies the vehicle owner and property management company, including full legal names and addresses
2. Background: Explains the context and purpose of the agreement, including the owner's desire to engage property management services for their vehicle(s)
3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Services', 'Management Fee', etc.
4. Scope of Services: Details the specific services to be provided by the management company
5. Term and Termination: Specifies the duration of the agreement and conditions for termination
6. Fees and Payment Terms: Outlines management fees, payment schedule, and reimbursement procedures
7. Insurance and Liability: Specifies required insurance coverage and allocation of liability
1. Performance Standards: Detailed service level agreements and performance metrics for commercial fleet management or high-value vehicles
2. Subcontracting Rights: Terms for engaging third-party service providers when management company may need to outsource certain services
3. Revenue Sharing: Terms for sharing revenue from vehicle rental or usage when vehicle will be used for commercial purposes
1. Vehicle Schedule: Detailed list of vehicles covered under the agreement, including registration numbers and specifications
2. Fee Schedule: Detailed breakdown of management fees and other charges
3. Maintenance Schedule: Required maintenance procedures and intervals
4. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
5. Service Provider List: Approved maintenance and service providers
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