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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."
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
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
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
Commercial Real Estate
Property Management
Corporate Services
Facilities Management
Real Estate Investment
Professional Services
Commercial Leasing
Building Management
Asset Management
Legal
Property Management
Facilities Management
Operations
Corporate Services
Asset Management
Compliance
Finance
Real Estate
Contract Administration
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
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