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Short Form Property Management Agreement Template for England and Wales

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Key Requirements PROMPT example:

Short Form Property Management Agreement

"I need a Short Form Property Management Agreement for a newly acquired residential property in Manchester, where I want to appoint ABC Property Management Ltd to handle all aspects of property management, including tenant relationships and maintenance, starting from March 2025."

Document background
The Short Form Property Management Agreement is designed for situations requiring a straightforward but comprehensive arrangement for professional property management services in England and Wales. It's particularly suitable for single properties or smaller portfolios where a full-length agreement might be excessive. The document covers essential aspects including service scope, fee structures, maintenance responsibilities, and regulatory compliance, while remaining accessible and practical for both parties. It provides sufficient protection while avoiding unnecessary complexity typically found in longer-form agreements.
Suggested Sections

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. Services: Detailed description of management services to be provided

5. Fees and Payments: Management fees, payment terms and additional charges

6. Term and Termination: Duration of agreement and termination provisions

7. Obligations of the Manager: Key responsibilities and duties of the property manager

8. Obligations of the Owner: Key responsibilities and duties of the property owner

Optional Sections

1. Insurance: Details of insurance requirements and responsibilities for both parties

2. Emergency Procedures: Procedures for handling emergency situations and out-of-hours responses

3. Compliance with Laws: Specific regulatory compliance obligations and responsibilities

Suggested Schedules

1. Schedule 1: Property Details: Detailed description of the managed property including address, features, and specific requirements

2. Schedule 2: Services Specification: Detailed breakdown of all management services to be provided

3. Schedule 3: Fee Schedule: Detailed breakdown of all fees, charges and commission structures

4. Schedule 4: Key Performance Indicators: Performance metrics, service levels and reporting requirements

Authors

Alex Denne

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

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Industries

Landlord and Tenant Act 1985: Core property legislation governing the relationship between landlords and tenants, including landlord's repair obligations and service charge requirements

Landlord and Tenant Act 1987: Additional property legislation covering tenants' rights and management arrangements for residential properties

Housing Act 2004: Legislation introducing the Housing Health and Safety Rating System (HHSRS) and HMO licensing requirements

Property Act 1925: Fundamental legislation governing property law in England and Wales, including legal estates and interests in land

Health and Safety at Work Act 1974: Primary legislation for workplace health and safety, applicable to property management activities

Gas Safety Regulations 1998: Regulations requiring annual gas safety checks and maintenance of gas appliances in rental properties

Electrical Safety Standards Regulations 2020: Requirements for electrical safety inspections and certification in private rented properties

Smoke and Carbon Monoxide Alarm Regulations 2015: Requirements for smoke and carbon monoxide detectors in residential rental properties

Consumer Rights Act 2015: Legislation protecting consumer rights and requiring transparency in business practices and fees

Consumer Protection from Unfair Trading Regulations 2008: Regulations prohibiting unfair commercial practices in property management

Client Money Protection Schemes Regulations 2019: Requirements for property agents to protect client money through approved schemes

UK General Data Protection Regulation: Legislation governing the processing and protection of personal data in the UK

Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR

Estate Agents Act 1979: Legislation regulating the conduct of estate agents and property managers

Property Ombudsman Scheme Requirements: Professional standards and dispute resolution requirements for property agents

Energy Performance Buildings Regulations 2012: Requirements for Energy Performance Certificates (EPCs) and energy efficiency standards

Minimum Energy Efficiency Standards: Regulations setting minimum energy efficiency standards for rental properties

Equality Act 2010: Legislation preventing discrimination in property management and rental practices

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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