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Property Management Agreement Between Landlord And Agent
"I need a Property Management Agreement Between Landlord And Agent for a portfolio of five commercial properties in Mumbai, with specific provisions for green building maintenance and quarterly performance reviews, to commence from March 2025."
1. Parties: Identification and details of the Landlord and the Property Management Agent
2. Background: Context of the agreement, including property details and purpose of engagement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the agent and duration of the agreement
5. Scope of Services: Comprehensive list of property management services to be provided by the agent
6. Agent's Responsibilities: Detailed obligations of the property manager including maintenance, tenant management, and reporting
7. Landlord's Responsibilities: Obligations of the landlord including providing necessary documentation and maintaining insurance
8. Financial Terms: Management fees, commission structure, and payment terms
9. Operating Budget and Expenses: Process for budget approval and handling of property expenses
10. Maintenance and Repairs: Procedures for routine maintenance and emergency repairs
11. Reporting and Documentation: Requirements for financial reports, property inspections, and record-keeping
12. Insurance and Liability: Insurance requirements and allocation of risks
13. Termination: Conditions and procedures for ending the agreement
14. Dispute Resolution: Process for handling disagreements between parties
15. Governing Law: Applicable laws and jurisdiction
16. General Provisions: Standard contract clauses including notices, amendments, and force majeure
1. Multiple Property Management: Additional terms for managing multiple properties - include when the agreement covers more than one property
2. Special Services: Terms for additional services like renovation project management or luxury amenities - include when offering premium services
3. Sub-Agency: Terms governing the appointment of sub-agents - include when sub-contracting is anticipated
4. Marketing Services: Detailed marketing and advertising responsibilities - include when agent will handle property marketing
5. Property Development: Terms related to property improvements or development - include when significant property upgrades are planned
6. Digital Services: Terms covering online property management platforms and tools - include when using specific technology solutions
7. Green Building Management: Special terms for eco-friendly property management - include for properties with environmental certifications
1. Schedule A - Property Details: Detailed description of the property/properties including address, size, amenities, and current condition
2. Schedule B - Management Fee Structure: Detailed breakdown of all fees, charges, and commission structures
3. Schedule C - Scope of Services Matrix: Detailed matrix of all services included and excluded from the agreement
4. Schedule D - Maintenance Procedures: Detailed procedures for different types of maintenance and repair scenarios
5. Schedule E - Reporting Templates: Standard formats for various reports to be submitted by the agent
6. Schedule F - Emergency Protocols: Procedures and contact details for emergency situations
7. Appendix 1 - Required Licenses and Registrations: Copies of all relevant licenses and RERA registrations
8. Appendix 2 - Insurance Requirements: Detailed insurance specifications and certificates
9. Appendix 3 - Key Contact Information: List of all relevant contact persons and their details
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Industrial Property
Facilities Management
Property Development
Real Estate Investment
Hospitality
Retail
Legal
Real Estate
Property Management
Operations
Facilities Management
Asset Management
Compliance
Finance
Administration
Maintenance
Property Manager
Real Estate Manager
Facilities Manager
Asset Manager
Property Owner
Real Estate Agent
Property Management Director
Operations Manager
Leasing Manager
Maintenance Supervisor
Real Estate Investment Manager
Property Administrator
Legal Counsel
Compliance Officer
Financial Controller
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