Multi Family Property Management Agreement for the United States
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Multi Family Property Management Agreement
"I need a Multi Family Property Management Agreement for a 50-unit apartment complex in California, with specific provisions for eco-friendly maintenance practices and EV charging stations, to begin March 1, 2025."
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1. Parties: Identification of property owner and management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Appointment and Authority: Scope of manager's authority and responsibilities
5. Term and Termination: Duration of agreement and termination conditions
6. Management Fees: Fee structure and payment terms
7. Property Manager Duties: Detailed responsibilities and obligations
8. Owner's Responsibilities: Property owner's obligations and duties
9. Insurance Requirements: Required insurance coverage for both parties
1. Emergency Services: Protocol for emergency situations - used for larger properties or those requiring 24/7 coverage
2. Construction Management: Terms for managing renovation or construction projects - used when property requires significant improvements
3. Special Amenities Management: Management of pools, gyms, or other facilities - used for properties with additional amenities
1. Property Schedule: Detailed description of managed properties
2. Fee Schedule: Breakdown of all management and service fees
3. Maintenance Schedule: Regular maintenance tasks and frequencies
4. Required Insurance Schedule: Detailed insurance requirements and coverage limits
5. Service Provider List: Approved vendors and contractors
6. Property Rules and Regulations: Standard rules for tenants and occupants
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