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Property Management Contract Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Property Management Contract Agreement is essential for property owners in the UAE who wish to delegate the management of their real estate assets to professional management companies. This document is particularly relevant in the context of the UAE's sophisticated real estate market, where professional property management is crucial for maintaining asset value and ensuring compliance with local regulations. The agreement covers comprehensive aspects of property management, including maintenance, tenant relations, financial management, and regulatory compliance. It is structured to comply with UAE Federal Laws, including the UAE Civil Code and relevant emirate-specific regulations such as RERA in Dubai. The document is commonly used for various property types, from residential and commercial properties to mixed-use developments, and can be customized based on the specific needs of the property and the scope of services required.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































Clauses



































Relevant Industries

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

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Finance

Compliance

Property Services

Asset Management

Maintenance

Customer Relations

Contract Administration

Risk Management

Relevant Roles

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

Industries








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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