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Rent To Rent Management Agreement
"I need a Rent to Rent Management Agreement for a 20-unit residential apartment building in Manila, where my company will take full management control and guarantee the owner monthly rental payments of 500,000 PHP, with the agreement to start from January 2025."
1. Parties: Identification of the Property Owner and the Management Company, including complete legal names, addresses, and registration details
2. Background: Context of the agreement, including property details and the intention to allow the Management Company to rent and subsequently sub-let the property
3. Definitions: Defined terms used throughout the agreement, including 'Property', 'Management Services', 'Rental Income', 'Sub-tenants', etc.
4. Grant of Rights: Specific rights granted to the Management Company, including the right to rent the property and sub-let to tenants
5. Term and Renewal: Duration of the agreement, start date, end date, and renewal conditions
6. Management Company's Obligations: Comprehensive list of responsibilities including property maintenance, tenant management, and financial obligations
7. Property Owner's Obligations: Owner's responsibilities including maintaining structure, insurance, and providing necessary documentation
8. Rental Payments: Details of guaranteed rent to be paid to the Property Owner, payment schedule, and payment methods
9. Property Management: Specific requirements for property maintenance, repairs, and improvements
10. Sub-letting Terms: Conditions and restrictions for sub-letting, including tenant screening and lease terms
11. Insurance Requirements: Required insurance coverage for both parties and the property
12. Termination: Conditions for early termination, notice periods, and consequences of breach
13. Dispute Resolution: Process for resolving disputes between parties, including mediation and arbitration procedures
14. Governing Law: Specification of Philippine law as governing law and jurisdiction
1. Utilities Management: Include when the agreement covers utility bill management and payment responsibilities
2. Furniture and Fittings: Include when the property is furnished and requires inventory management
3. Marketing and Advertising: Include when specific marketing requirements or restrictions need to be outlined
4. Property Improvements: Include when the Management Company is permitted to make improvements or modifications
5. Staff Accommodation: Include when the property includes staff quarters or when on-site staff is required
6. Special Property Features: Include when managing unique features like swimming pools, gyms, or other amenities
7. Multiple Unit Management: Include when the agreement covers multiple units in the same building
8. Security Deposits Management: Include when specific procedures for handling tenant security deposits need to be outlined
1. Schedule 1 - Property Details: Detailed description of the property, including address, size, features, and condition report
2. Schedule 2 - Financial Terms: Detailed breakdown of rental payments, management fees, and other financial arrangements
3. Schedule 3 - Maintenance Schedule: Regular maintenance tasks and responsibilities, including frequency and standards
4. Schedule 4 - Inventory List: Detailed inventory of furniture, appliances, and fittings if property is furnished
5. Schedule 5 - Service Level Agreement: Specific performance metrics and service standards for the Management Company
6. Appendix A - Required Forms: Standard forms for property inspections, maintenance requests, and incident reports
7. Appendix B - Emergency Procedures: Emergency contact information and procedures for various scenarios
8. Appendix C - Approved Contractor List: List of approved contractors for maintenance and repairs
Authors
Real Estate
Property Management
Hospitality
Student Housing
Residential Property
Commercial Property
Short-term Rentals
Corporate Housing
Service Apartments
Legal
Operations
Property Management
Asset Management
Facilities Management
Business Development
Risk and Compliance
Real Estate
Contract Administration
Leasing
Property Manager
Real Estate Manager
Operations Director
Facilities Manager
Legal Counsel
Real Estate Broker
Asset Manager
Portfolio Manager
Business Development Manager
Property Administrator
Leasing Manager
Contract Administrator
Risk Manager
Compliance Officer
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