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Joint Maintenance Agreement
"I need a Joint Maintenance Agreement for a mixed-use commercial and residential building in Geneva, where three independent property owners will share responsibility for common areas and facilities, with the agreement starting from March 1, 2025."
1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and any registration numbers
2. Background: Context of the agreement, description of the property or properties involved, and the purpose of entering into the maintenance agreement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Common Areas', 'Maintenance', 'Repairs', etc.
4. Property Description: Detailed description of the property/properties subject to the maintenance agreement, including any relevant registration details
5. Maintenance Obligations: Detailed description of maintenance responsibilities, including regular maintenance, repairs, and improvements
6. Cost Sharing: Formula or methodology for sharing maintenance costs between the parties
7. Decision Making Process: Procedures for making decisions about maintenance work, including voting rights and majority requirements
8. Payment Terms: Terms for payment of maintenance costs, including timing, method, and handling of extraordinary expenses
9. Access Rights: Rights of access for conducting maintenance and repairs
10. Insurance Requirements: Insurance obligations of the parties relating to the maintained property
11. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
12. Dispute Resolution: Procedures for resolving disputes between parties
13. Governing Law: Confirmation of Swiss law as governing law and jurisdiction
1. Emergency Procedures: Procedures for handling emergency repairs and maintenance, recommended when the property has critical systems or infrastructure
2. Property Manager: Appointment and duties of a property manager, relevant when parties agree to delegate management responsibilities
3. Reserve Fund: Establishment and management of a reserve fund for future maintenance, recommended for larger properties or complex maintenance requirements
4. Third Party Contracts: Procedures for engaging and managing third-party contractors, relevant when external service providers are regularly needed
5. Environmental Obligations: Specific environmental maintenance requirements, relevant when property has environmental sensitivities or obligations
6. Usage Rules: Rules governing the use of common areas or shared facilities, relevant when maintenance obligations are linked to usage
7. Transfer of Rights: Procedures for transferring maintenance obligations upon sale or transfer of property interests
1. Schedule 1 - Property Plans: Detailed plans showing the property and areas subject to joint maintenance
2. Schedule 2 - Maintenance Schedule: Detailed schedule of regular maintenance tasks and their frequency
3. Schedule 3 - Cost Allocation: Detailed breakdown of how different types of costs are to be allocated between parties
4. Schedule 4 - Contact Information: List of key contacts including emergency contacts and preferred contractors
5. Schedule 5 - Maintenance Standards: Specific standards and requirements for maintenance work
6. Appendix A - Initial Condition Report: Documentation of the condition of the property at the start of the agreement
7. Appendix B - Historical Maintenance Records: Records of previous maintenance work if applicable
Authors
Real Estate
Property Management
Facility Management
Commercial Property
Residential Property
Mixed-use Development
Industrial Property
Retail Property
Office Space Management
Property Development
Legal
Property Management
Facilities Management
Operations
Real Estate
Asset Management
Technical Services
Maintenance
Contract Administration
Property Services
Property Manager
Facility Manager
Real Estate Manager
Building Services Manager
Asset Manager
Operations Manager
Legal Counsel
Property Administrator
Maintenance Coordinator
Building Manager
Real Estate Attorney
Facilities Director
Property Services Director
Condominium Manager
Technical Services Manager
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