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The Condo Association Management Agreement is a crucial document used when a homeowners association (WEG) in Germany appoints a professional property management company to handle the administration of their condominium complex. This agreement is essential for defining the relationship between the association and the manager, ensuring compliance with the German Residential Property Act (WEG) and related regulations. The document comprehensively outlines the manager's responsibilities, including financial management, maintenance coordination, implementation of association decisions, and compliance with legal requirements. It's particularly important in the German context due to specific legal requirements under the WEG, which mandates professional management for larger properties and sets strict standards for property administration. The agreement typically includes detailed provisions for reporting, financial handling, and data protection under GDPR, making it a fundamental tool for establishing professional property management services in Germany.

1. Parties: Identification of the contracting parties: the Homeowners Association (WEG) and the Management Company, including their legal representatives

2. Background: Context of the agreement, including property details and the association's decision to appoint the manager

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Appointment and Term: Formal appointment of the manager, duration of the agreement, and renewal terms

5. Scope of Services: Comprehensive list of management services to be provided, including administrative, financial, and technical management

6. Manager's Rights and Obligations: Detailed responsibilities and authority of the manager, including statutory obligations under WEG

7. Association's Rights and Obligations: Responsibilities of the association, including cooperation requirements and information provision

8. Financial Management: Handling of association funds, maintenance reserves, and accounting requirements

9. Remuneration: Management fees, payment terms, and any additional charges

10. Reporting and Documentation: Required reports, documentation standards, and record-keeping obligations

11. Data Protection: GDPR compliance measures and data handling procedures

12. Liability and Insurance: Liability limitations, required insurance coverage, and indemnification provisions

13. Termination: Grounds for termination, notice periods, and post-termination obligations

14. General Provisions: Standard legal clauses including governing law, jurisdiction, and severability