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Condo Association Management Agreement Template for United States

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Key Requirements PROMPT example:

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."

Document background
The Condo Association Management Agreement is essential when a condominium association seeks to delegate day-to-day operations to a professional management company. This agreement, subject to U.S. federal and state laws, establishes the framework for property management, maintenance, financial administration, and compliance with regulatory requirements. It defines the roles, responsibilities, and relationship between the association and the management company, ensuring proper governance and operation of the condominium property. The agreement typically includes detailed provisions for service scope, fee structures, insurance requirements, and termination conditions.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

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Industries

Fair Housing Act (FHA): Federal law prohibiting discrimination in housing, ensuring equal treatment of residents, and requiring reasonable accommodations for disabled persons

Americans with Disabilities Act (ADA): Federal legislation governing accessibility requirements for common areas and accommodation requirements in residential properties

Fair Debt Collection Practices Act (FDCPA): Federal regulations regarding collection of dues and assessments, including specific requirements for communication with delinquent owners

State Condominium Acts: State-specific legislation governing the formation and operation of condo associations, defining powers and duties of management (varies by state)

State Property Management Laws: State-level regulations covering licensing requirements for property managers, fiduciary responsibilities, and insurance requirements

State Corporate Laws: State legislation governing non-profit corporations, including governance requirements and board responsibilities for condo associations

State Insurance Requirements: State-specific mandates for insurance coverage and liability protection for condo associations and management companies

Local Building Codes: Municipal and state regulations governing building maintenance, safety standards, and property modifications

Record-Keeping Requirements: State-specific laws governing the maintenance, storage, and accessibility of association records and documents

Reserve Fund Regulations: State laws governing the establishment, maintenance, and use of reserve funds for condo associations

Financial Reporting Requirements: State-specific requirements for financial reporting, auditing, and disclosure of association finances

Contract and Procurement Laws: State-specific regulations governing contract formation, enforcement, and procurement procedures for condo associations

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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