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Condominium Management Agreement
"I need a Condominium Management Agreement for a 200-unit luxury development in Singapore's East Coast area, with specific provisions for premium concierge services and smart building management systems to be implemented from March 2025."
1. Parties: Identifies the management corporation and the managing agent
2. Background: Context of the agreement and property details
3. Definitions: Key terms used tHRoughout the agreement including references to BMSMA and other relevant legislation
4. Scope of Services: Detailed description of management services to be provided in accordance with BMSMA requirements
5. Term and Termination: Duration of agreement and termination conditions
6. Fees and Payment Terms: Management fees, payment schedule, and related terms
7. Obligations of the Managing Agent: Specific duties and responsibilities including compliance with BMSMA and other regulatory requirements
8. Obligations of the Management Corporation: Requirements and responsibilities of the property owner
9. Compliance and Reporting: Regulatory compliance requirements and reporting obligations
10. General Provisions: Standard contractual provisions including governing law and dispute resolution
1. Insurance Requirements: Specific insurance coverage requirements beyond statutory minimums
2. Performance Metrics: Specific KPIs and service standards for performance measurement
3. Emergency Procedures: Special procedures for emergencies and crisis management
4. Data Protection Obligations: Specific obligations under PDPA for handling resident data
1. Schedule 1: Property Details: Detailed description of the property and facilities under management
2. Schedule 2: Scope of Services: Detailed breakdown of management services and responsibilities
3. Schedule 3: Fee Schedule: Detailed breakdown of all fees and charges
4. Schedule 4: Service Level Requirements: Specific service standards and performance metrics
5. Appendix A: Emergency Contact List: List of emergency contacts and procedures
6. Appendix B: Maintenance Schedule: Regular maintenance requirements and schedule
7. Appendix C: Relevant Legislation: List of applicable laws and regulations including BMSMA requirements
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