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Commercial Property Management Agreement Template for Pakistan

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Key Requirements PROMPT example:

Commercial Property Management Agreement

"I need a Commercial Property Management Agreement for a newly constructed 15-story office building in Lahore, with special emphasis on green building maintenance standards and smart building technology management, planned to commence from March 2025."

Document background
The Commercial Property Management Agreement is essential for property owners in Pakistan seeking to delegate the management of their commercial real estate to professional property managers. This document is particularly relevant in urban centers like Karachi, Lahore, and Islamabad, where commercial property management requires specialized expertise. The agreement encompasses all aspects of property management, from daily operations and maintenance to financial management and tenant relations, while ensuring compliance with Pakistani property laws and regulations. It's designed to protect both property owners' interests and establish clear parameters for property managers' duties, incorporating local market practices and legal requirements. The document is commonly used for office buildings, shopping centers, industrial properties, and other commercial real estate assets where professional management is required.
Suggested Sections

1. Parties: Identification and details of the Property Owner and Property Manager, including registration details and addresses

2. Background: Context of the agreement, brief description of the property, and purpose of the management arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms

5. Property Manager's Duties and Responsibilities: Comprehensive list of services to be provided, including maintenance, tenant management, financial management, and reporting

6. Owner's Obligations: Property owner's responsibilities, including funding, insurance, and cooperation requirements

7. Financial Management: Handling of rent collection, operating expenses, accounting procedures, and bank accounts

8. Fees and Compensation: Management fees, additional service charges, and payment terms

9. Reporting and Records: Required reports, frequency of reporting, record-keeping obligations

10. Insurance Requirements: Insurance obligations for both parties and the property

11. Liability and Indemnification: Allocation of risks, limitation of liability, and indemnification provisions

12. Termination: Grounds for termination, notice requirements, and post-termination obligations

13. General Provisions: Standard clauses including governing law, notices, assignment, and dispute resolution

Optional Sections

1. Emergency Procedures: Detailed procedures for handling emergencies - recommended for larger commercial properties

2. Environmental Compliance: Specific environmental obligations and compliance requirements - necessary for properties with environmental concerns

3. Marketing and Leasing Services: Detailed provisions for tenant acquisition and marketing - include if property manager handles leasing

4. Security Services: Security arrangements and protocols - relevant for high-security properties

5. Major Repairs and Renovations: Procedures for major property improvements - important for older properties or those planning renovations

6. Property Manager's Staff: Requirements regarding on-site staff - relevant for larger properties requiring dedicated staff

7. Conflict Resolution: Detailed dispute resolution procedures - recommended for high-value agreements

8. Force Majeure: Extended force majeure provisions - particularly relevant post-COVID and for properties in challenging locations

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property, including address, size, facilities, and current condition

2. Schedule 2 - Management Services: Detailed scope of services and performance standards

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms

4. Schedule 4 - Reporting Templates: Templates for required periodic reports

5. Schedule 5 - Operating Budget: Initial operating budget and budget preparation procedures

6. Schedule 6 - Maintenance Schedule: Planned maintenance schedule and procedures

7. Schedule 7 - Key Performance Indicators: Performance metrics and evaluation criteria

8. Appendix A - Required Insurance: Detailed insurance requirements and minimum coverage levels

9. Appendix B - Emergency Contact List: List of emergency contacts and escalation procedures

Authors

Alex Denne

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

Relevant legal definitions



































Clauses


































Relevant Industries

Real Estate

Commercial Property

Retail

Office Space Management

Industrial Property

Shopping Centers

Hospitality

Healthcare Facilities

Mixed-use Developments

Warehousing and Logistics

Relevant Teams

Legal

Real Estate

Operations

Finance

Facilities Management

Asset Management

Property Administration

Maintenance

Leasing

Compliance

Risk Management

Relevant Roles

Property Manager

Facility Manager

Real Estate Director

Operations Manager

Asset Manager

Building Superintendent

Legal Counsel

Finance Manager

Maintenance Supervisor

Leasing Manager

Property Administrator

Real Estate Portfolio Manager

Commercial Property Director

Compliance Officer

Industries









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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