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Property Management Contract Agreement
"I need a Property Management Contract Agreement for a luxury residential tower in Dubai Marina, with 200 units, including specific clauses for managing premium amenities like a spa and concierge service, to be effective from March 1, 2025."
1. Parties: Identification of the property owner and the property management company, including full legal names, licenses, and contact details
2. Background: Context of the agreement, including property details and the owner's intention to appoint the property manager
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms
5. Scope of Services: Comprehensive list of property management services to be provided
6. Property Manager's Obligations: Detailed responsibilities and duties of the property manager
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Payment Terms: Management fees, payment schedule, and additional cost structures
9. Financial Management: Handling of property income, expenses, and reporting requirements
10. Maintenance and Repairs: Procedures for property maintenance, repairs, and emergency responses
11. Insurance Requirements: Required insurance coverage for both parties
12. Representations and Warranties: Legal assurances from both parties
13. Termination: Conditions and procedures for ending the agreement
14. Liability and Indemnification: Allocation of risks and responsibilities between parties
15. Governing Law and Jurisdiction: Specification of UAE law application and dispute resolution procedures
16. General Provisions: Standard contract clauses including notices, amendments, and entire agreement
1. Multiple Property Management: Additional terms for managing multiple properties - used when the agreement covers more than one property
2. Staff Accommodation: Terms regarding management of staff accommodation facilities - relevant for properties with service staff quarters
3. Special Facilities Management: Specific terms for managing special facilities like swimming pools, gyms - used for properties with such amenities
4. Marketing Services: Terms for marketing vacant units - relevant for properties requiring tenant acquisition services
5. Development and Renovation: Terms for managing property improvements - used when significant renovations are planned
6. Third-Party Service Providers: Terms for managing relationships with external contractors - relevant when extensive outsourcing is required
7. Green Building Compliance: Special terms for managing environmentally certified buildings - used for green-certified properties
8. Common Area Management: Specific terms for managing shared facilities - relevant for multi-unit properties
1. Schedule 1 - Property Details: Detailed description of the property, including location, size, and facilities
2. Schedule 2 - Scope of Services: Detailed breakdown of all management services to be provided
3. Schedule 3 - Fee Schedule: Comprehensive fee structure including management fees and additional charges
4. Schedule 4 - Key Performance Indicators: Performance metrics and evaluation criteria
5. Schedule 5 - Reporting Requirements: Templates and schedules for required reports
6. Schedule 6 - Emergency Procedures: Emergency response protocols and contact information
7. Schedule 7 - Maintenance Schedule: Planned maintenance program and procedures
8. Appendix A - Property Management Team: Details of key personnel assigned to the property
9. Appendix B - Required Insurance: Detailed insurance requirements and coverage limits
10. Appendix C - Operating Procedures: Standard operating procedures for property management
Authors
Real Estate
Property Management
Facilities Management
Commercial Property
Residential Property
Retail Property
Hospitality
Industrial Property
Mixed-Use Development
Corporate Real Estate
Luxury Properties
Student Housing
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Property Services
Asset Management
Maintenance
Customer Relations
Contract Administration
Risk Management
Property Manager
Facility Manager
Real Estate Director
Asset Manager
Operations Manager
Legal Counsel
Compliance Officer
Finance Manager
Building Manager
Maintenance Supervisor
Leasing Manager
Contract Administrator
Real Estate Portfolio Manager
Property Services Coordinator
Tenant Relations Manager
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