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Property Management Agreement Between Landlord And Agent Template for Pakistan

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Key Requirements PROMPT example:

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."

Document background
The Property Management Agreement Between Landlord And Agent is a crucial document used in Pakistan when property owners wish to delegate the management of their real estate assets to professional property managers. This agreement is essential for both residential and commercial properties, establishing clear lines of authority and responsibility while ensuring compliance with Pakistani property laws and regulations. The document typically includes comprehensive details about property management services, financial arrangements, maintenance responsibilities, and reporting requirements. It's particularly relevant in urban centers like Karachi, Lahore, and Islamabad where professional property management is increasingly common. The agreement must comply with various Pakistani laws including the Transfer of Property Act 1882, relevant provincial rent control laws, and registration requirements, while also addressing practical aspects of property management such as tenant relations, maintenance coordination, and financial management.
Suggested Sections

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

Optional Sections

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

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 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

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




















































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Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Property Development

Facility Management

Property Investment

Hospitality

Retail Property

Industrial Property

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facility Management

Asset Management

Contract Administration

Finance

Maintenance

Tenant Relations

Administrative Support

Compliance

Relevant Roles

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

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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