Residential Exclusive Management Agency Agreement

Residential Exclusive Management Agency Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Residential Exclusive Management Agency Agreement for my three-bedroom condominium in Singapore, appointing ABC Property Management Pte Ltd as the exclusive agent from March 2025, with specific provisions for luxury property management and quarterly financial reporting."

Document background

The Residential Exclusive Management Agency Agreement is a crucial document for property owners seeking professional management of their residential properties in Singapore. This agreement grants exclusive rights to a licensed property agency to manage, maintain, and lease the property on behalf of the owner. It is particularly relevant when owners require comprehensive property management services, including tenant sourcing, rent collection, maintenance coordination, and property oversight. The agreement must comply with Singapore's Estate Agents Act 2010, CEA regulations, and relevant property laws, making it a robust legal framework for professional property management relationships.

Suggested Sections

1. Parties: Identification of the property owner and the management agency

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Scope of agency's appointment and delegated authority

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

6. Fees and Payments: Management fees, commission structure, and payment terms

7. Term and Termination: Duration of agreement and termination provisions

8. Obligations of the Agency: Duties and responsibilities of the management agency

9. Obligations of the Owner: Duties and responsibilities of the property owner

Optional Sections

1. Insurance: Insurance requirements and responsibilities when specific insurance arrangements need to be detailed

2. Dispute Resolution: Procedures for handling disputes when specific dispute resolution mechanisms are preferred

3. Force Majeure: Provisions for unforeseen circumstances when additional protection against extraordinary events is needed

4. Special Conditions: Property-specific requirements or conditions when the property has unique features or requirements

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including address and specifications

2. Schedule 2 - Management Services: Detailed list of included management services

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

4. Schedule 4 - Property Inventory: List of fixtures, fittings, and contents if applicable

5. Appendix A - Agency's Standard Operating Procedures: Standard procedures for property management

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Real Estate
Residential Property
Property Investment

Relevant Teams

Real Estate Operations
Legal
Property Management
Finance
Compliance

Relevant Roles

Property Manager
Real Estate Agent
Property Owner
Real Estate Director
Compliance Officer

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Authors

Alex Denne

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