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Condominium Management Agreement
"I need a Condominium Management Agreement for a new luxury residential tower in Dubai Marina with 200 units, featuring premium amenities including a spa and rooftop pool, with management services to commence from March 1, 2025; the agreement should include comprehensive provisions for high-end security services and concierge operations."
1. Parties: Identification of the property owner/owners' association and the management company, including full legal names and registration details
2. Background: Context of the agreement, description of the property, and purpose of engaging the management company
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Common Areas', 'Services', 'Service Charges', etc.
4. Appointment and Term: Formal appointment of the management company, duration of the agreement, and renewal terms
5. Management Company's Duties and Responsibilities: Comprehensive list of services to be provided, including maintenance, security, cleaning, and administrative duties
6. Owner's Association Obligations: Responsibilities and obligations of the owner's association, including access provisions and information sharing
7. Financial Management: Details of budget management, service charge collection, accounting procedures, and financial reporting
8. Staff and Contractors: Requirements for hiring and managing staff and contractors, including compliance with UAE labor laws
9. Insurance and Liability: Insurance requirements and allocation of liability between parties
10. Termination: Grounds for termination, notice periods, and consequences of termination
11. Governing Law and Dispute Resolution: Specification of UAE law as governing law and dispute resolution procedures
1. Emergency Services: Additional provisions for 24/7 emergency response services, recommended for larger or luxury properties
2. Specialized Facilities Management: Specific provisions for managing specialized facilities like swimming pools, gymnasiums, or smart building systems
3. Green Building Compliance: Special provisions for buildings with green building certifications or sustainability requirements
4. Multiple Owner Provisions: Additional clauses for properties with multiple owners or complex ownership structures
5. Marketing and Leasing Services: Optional provisions for management company to assist with leasing and marketing of units
6. Major Repairs and Renovations: Specific procedures for managing major repair projects or renovations
7. Cultural and Religious Considerations: Special provisions for managing facilities with specific cultural or religious requirements
1. Schedule 1 - Property Details: Detailed description of the property, including floor plans and common areas
2. Schedule 2 - Scope of Services: Detailed breakdown of all management services to be provided
3. Schedule 3 - Fee Structure: Comprehensive fee schedule, including management fees, service charges, and additional fees
4. Schedule 4 - Service Level Agreements: Specific performance metrics and service standards
5. Schedule 5 - Staff Requirements: Detailed staffing requirements including qualifications and duty schedules
6. Schedule 6 - Maintenance Schedule: Planned maintenance schedules for different building systems and facilities
7. Schedule 7 - Emergency Procedures: Detailed emergency response procedures and contact information
8. Schedule 8 - Reporting Templates: Templates for various required reports and documentation
9. Appendix A - Required Permits and Licenses: Copies of all required permits and licenses for property management
10. Appendix B - Insurance Requirements: Detailed insurance requirements and certificates
Authors
Real Estate
Property Management
Facility Management
Construction
Building Maintenance
Security Services
Professional Services
Insurance
Hospitality
Residential Development
Legal
Operations
Property Management
Facility Management
Contract Administration
Finance
Compliance
Security
Maintenance
Customer Service
Asset Management
Property Manager
Facility Manager
Real Estate Director
Operations Manager
Building Maintenance Supervisor
Legal Counsel
Contract Manager
Asset Manager
Community Manager
Financial Controller
Security Manager
Compliance Officer
Real Estate Partner
Property Services Director
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