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Commercial Property Management Contract

Commercial Property Management Contract Template for Pakistan

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Key Requirements PROMPT example:

Commercial Property Management Contract

"I need a Commercial Property Management Contract for a newly constructed shopping mall in Lahore, with a management term starting from March 1, 2025, including provisions for tenant mix management and marketing services, with specific focus on retail property expertise."

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Document background
The Commercial Property Management Contract serves as a crucial legal instrument in Pakistan's commercial real estate sector, designed to formalize the relationship between property owners and professional management companies. This document becomes necessary when property owners seek to delegate the day-to-day operations, maintenance, and administration of their commercial properties to specialized management firms. It encompasses comprehensive provisions for property operations, financial management, tenant relations, and regulatory compliance, all aligned with Pakistani legal requirements including the Transfer of Property Act 1882, Contract Act 1872, and relevant provincial regulations. The agreement is particularly vital for ensuring professional management of commercial properties while protecting the interests of all parties involved through clear delineation of responsibilities, performance standards, and accountability measures.
Suggested Sections

1. Parties: Identification of the property owner and the property management company with full legal details

2. Background: Context of the agreement, including property details 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 and duration of the agreement

5. Scope of Services: Detailed description of core property management services to be provided

6. Manager's Responsibilities: Specific duties and obligations of the property manager

7. Owner's Responsibilities: Obligations and duties of the property owner

8. Financial Management: Handling of rent collection, expenses, accounts, and financial reporting

9. Fees and Compensation: Management fees, payment terms, and reimbursement structure

10. Insurance Requirements: Required insurance coverage for both parties

11. Maintenance and Repairs: Procedures for property maintenance and handling repairs

12. Compliance and Reporting: Regulatory compliance requirements and reporting obligations

13. Termination: Conditions and procedures for terminating the agreement

14. Liability and Indemnification: Allocation of risks and indemnification provisions

15. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution

16. Notice Provisions: Methods and requirements for formal communications between parties

Optional Sections

1. Emergency Services: Additional provisions for 24/7 emergency response services

2. Construction Management: Terms for managing renovation or construction projects

3. Marketing Services: Provisions for marketing vacant spaces and tenant acquisition

4. Environmental Management: Specific provisions for environmental compliance and green building management

5. Security Services: Terms for providing security personnel and systems

6. Tenant Relations: Detailed procedures for handling tenant relationships and disputes

7. Staff Management: Terms for managing on-site staff if required

8. Asset Enhancement: Provisions for property value enhancement initiatives

9. Force Majeure: Provisions for handling unforeseen circumstances and natural disasters

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property, including location, size, and facilities

2. Schedule B - Service Level Agreement: Specific performance metrics and service standards

3. Schedule C - Fee Structure: Detailed breakdown of management fees and payment terms

4. Schedule D - Maintenance Schedule: Planned maintenance schedule and procedures

5. Schedule E - Operating Budget: Annual operating budget and financial projections

6. Schedule F - Emergency Procedures: Emergency response protocols and contact information

7. Schedule G - Required Insurance: Detailed insurance requirements and coverage limits

8. Schedule H - Reporting Templates: Standard formats for various required reports

9. Appendix 1 - Property Photos and Plans: Visual documentation of the property

10. Appendix 2 - Existing Service Contracts: List and copies of current service provider contracts

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

alex.den.21@genieai.co
Relevant legal definitions













































Clauses








































Relevant Industries

Commercial Real Estate

Retail

Office Space Management

Industrial Property

Shopping Centers

Mixed-use Developments

Hospitality

Healthcare Facilities

Educational Institutions

Logistics and Warehousing

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Finance

Risk and Compliance

Property Administration

Asset Management

Maintenance

Tenant Relations

Commercial Operations

Relevant Roles

Property Manager

Facility Manager

Real Estate Director

Operations Manager

Asset Manager

Legal Counsel

Commercial Director

Building Manager

Maintenance Supervisor

Financial Controller

Leasing Manager

Risk Manager

Compliance Officer

Real Estate Investment Manager

Property Administrator

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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