The Key Holding Agreement serves as a crucial document for property owners and managers seeking secure, professional management of their property keys. This contract type is commonly used throughout the United States when businesses need to outsource key management to professional security companies. The agreement typically covers key storage protocols, access procedures, emergency response services, and liability provisions, while ensuring compliance with state-specific security regulations and insurance requirements. It's particularly relevant for properties requiring 24/7 access management or emergency response capabilities, and can be customized to include additional security services as needed.
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1. Parties: Identification of the key holding company and the property owner/client
2. Background: Context of the agreement and purpose of the key holding service
3. Definitions: Key terms used throughout the agreement including key holding services, emergency response, and security protocols
4. Services: Detailed description of key holding and related services, including storage, access, and handling procedures
5. Security Protocols: Procedures for key storage, access, handling, and security measures for protecting keys
6. Liability and Insurance: Responsibilities, limitations of liability, and insurance requirements for both parties
7. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination
1. Emergency Response Procedures: Detailed protocols for handling emergencies and after-hours situations
2. Additional Services: Supplementary services such as alarm response, property checks, and monitoring
3. Staff Requirements: Specific requirements for personnel qualifications, vetting, and security clearances
1. Schedule of Properties: Comprehensive list of properties covered under the key holding agreement
2. Key Inventory: Detailed inventory of all keys held, including identification codes and access levels
3. Fee Schedule: Detailed pricing structure for all services provided under the agreement
4. Service Level Agreement: Specific performance metrics, response times, and service standards
5. Insurance Certificates: Copies of required insurance policies and coverage details
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