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Condo Association Management Agreement
"Need a Condo Association Management Agreement for a 50-unit luxury property in Miami, with specific provisions for hurricane preparedness and enhanced security services, to commence from March 1, 2025."
1. Parties: Identification of the Association and Management Company
2. Background: Context of the agreement and basic information about the property
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of management services to be provided
5. Term and Termination: Duration of agreement and conditions for termination
6. Compensation: Management fees and payment terms
7. Insurance Requirements: Required insurance coverage for both parties
8. Responsibilities of the Association: Obligations and duties of the condo association
9. Governing Law: Applicable jurisdiction and legal framework
1. Emergency Services: Protocol for handling emergency situations - recommended for larger properties or those requiring 24/7 coverage
2. Special Projects: Handling of renovation or improvement projects - include when significant property improvements are planned
3. Staff Management: Employment and supervision of on-site staff - include when the property requires dedicated staff
1. Schedule A - Property Details: Detailed description of the property and units
2. Schedule B - Fee Schedule: Detailed breakdown of management fees and additional charges
3. Schedule C - Scope of Services: Detailed list of specific services to be provided
4. Schedule D - Insurance Requirements: Specific insurance coverage requirements and limits
5. Schedule E - Maintenance Schedule: Regular maintenance and inspection requirements
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