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Property Management Lease Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Property Management Lease Agreement

"I need a Property Management Lease Agreement for a luxury residential complex in Hong Kong's Central district, with special provisions for high-end amenities including a swimming pool, gym, and concierge services, to commence from March 1, 2025."

Document background
The Property Management Lease Agreement is essential for property owners in Hong Kong seeking to delegate the management and maintenance of their properties to professional management companies. This document is commonly used for commercial, residential, and mixed-use properties, ensuring compliance with Hong Kong's stringent property management regulations, including the Property Management Services Ordinance (Cap. 626) and Building Management Ordinance (Cap. 344). The agreement covers crucial aspects such as service scope, performance standards, financial arrangements, and regulatory compliance requirements, while protecting the interests of all parties involved. It's particularly important given Hong Kong's high-density urban environment and complex property management requirements.
Suggested Sections

1. Parties: Identification of the property owner/landlord and the property management company

2. Background: Context of the agreement, including property details and purpose of the management arrangement

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Scope of Services: Detailed description of management services to be provided

6. Manager's Duties and Responsibilities: Specific obligations of the property manager

7. Owner's Duties and Responsibilities: Specific obligations of the property owner

8. Management Fees and Payment Terms: Fee structure, payment schedule, and financial arrangements

9. Insurance and Liability: Insurance requirements and allocation of risks

10. Compliance and Regulations: Obligations to comply with relevant laws and regulations

11. Staff and Contractors: Requirements for hiring and managing staff and contractors

12. Maintenance and Repairs: Procedures for property maintenance and repairs

13. Emergency Procedures: Protocols for handling emergency situations

14. Termination: Grounds and procedures for termination of the agreement

15. Dispute Resolution: Procedures for resolving disputes between parties

16. General Provisions: Standard contractual provisions including notices, amendments, and governing law

Optional Sections

1. Special Facilities Management: Additional provisions for properties with special facilities like swimming pools, gymnasiums, or clubhouses

2. Rental Collection Services: Provisions for managing rental collection if the manager is appointed to handle tenant payments

3. Project Management: Terms for managing renovation or improvement projects

4. Car Park Management: Specific provisions for properties with parking facilities

5. Security Services: Detailed security arrangements for properties requiring enhanced security measures

6. Environmental Management: Special provisions for green buildings or properties with specific environmental requirements

7. Transitional Provisions: Terms governing the handover from previous management company

8. Marketing and Promotion: Terms for properties requiring marketing or promotional activities

9. Resident Services: Additional services for residential properties with specific tenant service requirements

Suggested Schedules

1. Property Details: Detailed description of the managed property including floor plans and facilities

2. Service Level Agreement: Specific performance standards and metrics for management services

3. Fee Schedule: Detailed breakdown of management fees and charges

4. Staff Schedule: Required staffing levels and qualifications

5. Maintenance Schedule: Planned maintenance programs and schedules

6. Insurance Requirements: Detailed insurance specifications and coverage requirements

7. Emergency Contacts: List of emergency contacts and procedures

8. House Rules: Building rules and regulations for occupants

9. Inventory of Equipment: List of equipment and facilities under management

10. Required Reports: Templates and schedules for required management reports

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 Real Estate

Residential Real Estate

Retail Property

Industrial Property

Mixed-use Development

Hospitality

Shopping Centers

Office Buildings

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Asset Management

Compliance

Risk Management

Maintenance

Security

Administrative Services

Contract Management

Real Estate

Relevant Roles

Property Manager

Facility Manager

Real Estate Director

Operations Manager

Building Manager

Asset Manager

Legal Counsel

Contract Manager

Compliance Officer

Property Services Director

Maintenance Manager

Security Manager

Building Services Engineer

Property Administrator

Real Estate Portfolio Manager

Risk 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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