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Corporate Let Management Agreement Template for Australia

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Key Requirements PROMPT example:

Corporate Let Management Agreement

"I need a Corporate Let Management Agreement for a portfolio of 15 office buildings in Sydney and Melbourne, with specific provisions for sustainability reporting and green building management, to commence from March 2025."

Document background
The Corporate Let Management Agreement is essential for businesses seeking professional management of their corporate real estate assets in Australia. This document is typically used when a corporate entity owns multiple properties or significant real estate assets and requires specialized management services. The agreement establishes the legal framework for the relationship between the corporate property owner and the property management company, encompassing all aspects of property management from day-to-day operations to strategic asset management. It ensures compliance with Australian property management regulations, corporate law, and state-specific requirements while protecting both parties' interests. The document includes detailed provisions for service delivery, performance metrics, financial management, and reporting requirements, making it suitable for complex corporate property portfolios requiring professional management.
Suggested Sections

1. Parties: Identification of the property owner (corporate entity) and the property management company

2. Background: Context of the agreement, including brief description of the property portfolio and management requirements

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation

4. Appointment and Term: Formal appointment of the property manager and duration of the agreement

5. Property Manager's Authority: Scope of authority granted to the property manager to act on behalf of the owner

6. Property Manager's Obligations: Core responsibilities including maintenance, tenant management, and reporting

7. Owner's Obligations: Responsibilities of the property owner including providing information and maintaining insurance

8. Financial Management: Rent collection, expense management, and trust account requirements

9. Fees and Expenses: Management fees, commission structure, and reimbursable expenses

10. Reporting and Accountability: Required reports, frequency of reporting, and performance metrics

11. Insurance and Liability: Insurance requirements and allocation of liability between parties

12. Termination: Circumstances and processes for ending the agreement

13. Dispute Resolution: Procedures for handling disputes between parties

14. General Provisions: Standard contractual provisions including notices, assignment, and governing law

Optional Sections

1. Special Property Requirements: Include when the property portfolio includes unique or specialized properties requiring specific management approaches

2. Staff and Contractor Management: Include when the property manager will be responsible for managing on-site staff or regular contractors

3. Marketing and Leasing Services: Include when the property manager will handle tenant acquisition and marketing activities

4. Sustainability Requirements: Include when there are specific environmental or sustainability obligations for the properties

5. Development and Renovation Management: Include when the property manager will oversee property improvements or renovations

6. Emergency Response Procedures: Include for properties requiring specific emergency management protocols

7. Data Security and Privacy: Include when handling sensitive tenant or property data requires specific protocols

Suggested Schedules

1. Schedule 1 - Property Portfolio: List and details of all properties covered by the agreement

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission structures

3. Schedule 3 - Service Level Agreement: Specific performance metrics and service standards

4. Schedule 4 - Reporting Templates: Required formats for various reports and documentation

5. Schedule 5 - Authorized Personnel: List of key personnel authorized to act under the agreement

6. Schedule 6 - Maintenance Schedule: Planned maintenance requirements and schedules for each property

7. Appendix A - Power of Attorney: Standard power of attorney form for property management activities

8. Appendix B - Operating Procedures: Detailed procedures for day-to-day property management activities

9. Appendix C - Emergency Contacts: List of emergency contacts and procedures for each property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions













































Clauses





































Relevant Industries

Commercial Real Estate

Property Management

Corporate Services

Facilities Management

Real Estate Investment

Professional Services

Commercial Leasing

Building Management

Asset Management

Relevant Teams

Legal

Property Management

Facilities Management

Operations

Corporate Services

Asset Management

Compliance

Finance

Real Estate

Contract Administration

Relevant Roles

Property Manager

Facilities Manager

Asset Manager

Real Estate Director

Corporate Services Manager

Operations Manager

Legal Counsel

Contract Manager

Portfolio Manager

Building Manager

Property Services Director

Leasing Manager

Corporate Real Estate Manager

Chief Operating Officer

Compliance Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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