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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."
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
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
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
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