The Property Management Agreement serves as a crucial legal instrument in Indonesian real estate operations, establishing a formal relationship between property owners and professional management services providers. This document is essential when property owners seek to delegate the day-to-day management, maintenance, and operation of their properties to specialized professionals. The agreement, governed by Indonesian law including the Civil Code and property-specific regulations, covers vital aspects such as service scope, financial management, reporting requirements, and operational procedures. It's particularly relevant for various property types including commercial buildings, residential complexes, retail spaces, and mixed-use developments. The document ensures clear definition of roles, responsibilities, and expectations while maintaining compliance with local legal requirements and industry standards.
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1. Parties: Identification of the property owner and the property management company, including complete legal names and addresses
2. Background: Context of the agreement, including property details and purpose of engagement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the property manager and duration of the agreement, including renewal terms
5. Scope of Services: Comprehensive list of property management services to be provided
6. Manager's Responsibilities: Detailed obligations and duties of the property manager
7. Owner's Responsibilities: Obligations and duties of the property owner
8. Financial Management: Handling of property income, expenses, and accounting procedures
9. Fees and Payments: Management fees, payment terms, and additional service charges
10. Reporting Requirements: Regular reports and documentation to be provided to the owner
11. Insurance and Liability: Insurance requirements and allocation of liability between parties
12. Termination: Conditions and procedures for terminating the agreement
13. Confidentiality: Protection of confidential information and trade secrets
14. Dispute Resolution: Procedures for resolving disputes between parties
15. Governing Law: Specification of Indonesian law as governing law and jurisdiction
1. Emergency Services: Additional provisions for 24/7 emergency response services, recommended for residential properties
2. Marketing Services: Specific terms for marketing and leasing services if property requires tenant acquisition
3. Staff Management: Terms regarding on-site staff management, relevant for larger properties
4. Environmental Compliance: Special provisions for properties requiring specific environmental management
5. Security Services: Detailed security arrangements, recommended for commercial or high-value properties
6. Renovation and Major Works: Procedures for handling major renovations or improvements
7. Multiple Property Management: Additional terms for managing multiple properties under one agreement
8. Force Majeure: Provisions for handling unforeseen circumstances or natural disasters
1. Property Details: Detailed description of the property, including address, size, facilities, and condition report
2. Service Level Agreement: Specific performance metrics and service standards
3. Fee Schedule: Detailed breakdown of all management fees and charges
4. Maintenance Schedule: Regular maintenance tasks and their frequencies
5. Operating Budget: Annual budget for property operations and maintenance
6. Staff Schedule: List of required staff positions and their responsibilities
7. Emergency Procedures: Detailed procedures for handling various emergency situations
8. Reporting Templates: Standard formats for various required reports
9. Insurance Requirements: Detailed insurance specifications and coverage requirements
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Facilities Management
Commercial Property
Residential Property
Retail Property
Industrial Property
Hospitality
Mixed-Use Development
Asset Management
Relevant Teams
Legal
Real Estate
Property Management
Facilities Management
Operations
Asset Management
Maintenance
Finance
Compliance
Administrative Services
Risk Management
Relevant Roles
Property Manager
Facility Manager
Asset Manager
Real Estate Manager
Building Manager
Operations Director
Property Management Supervisor
Maintenance Manager
Real Estate Director
Leasing Manager
Property Administrator
Compliance Officer
Real Estate Operations Manager
Portfolio Manager
Property Services Coordinator
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