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Property Management Agreement Between Landlord And Agent
"I need a Property Management Agreement Between Landlord And Agent for a multi-unit residential building in Lahore, with special provisions for maintenance of common areas and a swimming pool, where the agent will have full authority for tenant management and rent collection starting March 2025."
1. Parties: Identification of the Landlord and the Property Management Agent with complete details including CNIC numbers
2. Background: Context of the agreement including property ownership confirmation and management needs
3. Definitions: Definitions of key terms used throughout the agreement including Property, Services, Management Fee, etc.
4. Appointment and Term: Formal appointment of the agent and duration of the agreement including renewal terms
5. Agent's Services and Responsibilities: Comprehensive list of services to be provided by the agent including tenant management, maintenance, rent collection, etc.
6. Landlord's Obligations: Responsibilities of the landlord including providing necessary documentation and maintaining insurance
7. Management Fees and Expenses: Detailed fee structure, payment terms, and reimbursable expenses
8. Financial Management: Procedures for rent collection, security deposits, maintenance funds, and financial reporting
9. Maintenance and Repairs: Scope of maintenance services, spending limits, emergency procedures
10. Compliance with Laws: Obligation to comply with relevant Pakistani laws and regulations
11. Termination: Grounds for termination, notice periods, and post-termination obligations
12. Indemnification and Liability: Mutual indemnification provisions and limitation of liability
13. Governing Law and Dispute Resolution: Choice of Pakistani law and dispute resolution mechanisms
14. General Provisions: Standard clauses including notices, amendments, assignment, and severability
1. Multiple Property Management: Additional provisions for managing multiple properties, used when the landlord owns multiple properties
2. Special Services: Additional services beyond standard property management, included when specific extra services are required
3. Marketing and Advertising: Detailed provisions for property marketing, included when agent is responsible for finding tenants
4. Staff Management: Provisions regarding on-site staff management, included for larger properties requiring dedicated staff
5. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic financial principles, included when required by the parties
6. Property Development: Provisions for managing property improvements or developments, included when significant property changes are planned
7. Environmental Compliance: Special provisions for environmental management, included for properties with specific environmental concerns
1. Schedule 1 - Property Details: Detailed description of the property including address, size, facilities, and current condition
2. Schedule 2 - Management Services: Detailed breakdown of all management services to be provided
3. Schedule 3 - Fee Schedule: Comprehensive fee structure including management fees, service charges, and commission rates
4. Schedule 4 - Maintenance Contractors: List of approved maintenance contractors and service providers
5. Schedule 5 - Financial Reporting Format: Templates and requirements for financial reports and statements
6. Appendix A - Property Photographs: Current photographs documenting the property's condition
7. Appendix B - Required Certificates: Copies of necessary certificates, permits, and registrations
8. Appendix C - Bank Account Details: Details of designated bank accounts for rent collection and expense payments
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Property Development
Facility Management
Property Investment
Hospitality
Retail Property
Industrial Property
Legal
Real Estate
Property Management
Operations
Facility Management
Asset Management
Contract Administration
Finance
Maintenance
Tenant Relations
Administrative Support
Compliance
Property Manager
Real Estate Manager
Facility Manager
Asset Manager
Property Management Director
Real Estate Director
Legal Counsel
Operations Manager
Maintenance Supervisor
Leasing Manager
Property Administrator
Real Estate Agent
Building Manager
Portfolio Manager
Property Owner
Landlord Services Coordinator
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