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Short Term Rental Property Management Agreement
"I need a Short Term Rental Property Management Agreement for my portfolio of 5 luxury apartments in Dubai Marina, with a focus on premium guest services and a revenue-sharing model where the management company takes 20% commission, starting from March 2025."
1. Parties: Identification of the Property Owner and the Property Management Company, including full legal names, addresses, and licensing details
2. Background: Brief context about the property, the owner's intention to offer it for short-term rental, and the manager's expertise and qualifications
3. Definitions: Key terms used throughout the agreement including Property, Services, Booking Platform, Guest, Short-term Rental, etc.
4. Appointment and Term: Formal appointment of the manager, duration of the agreement, and renewal terms
5. Manager's Services and Obligations: Comprehensive list of services to be provided, including marketing, guest screening, check-in/out, maintenance, cleaning, etc.
6. Owner's Obligations: Property owner's responsibilities including maintaining insurance, providing access, maintaining property standards, etc.
7. Financial Terms: Management fees, commission structure, expense handling, payment terms, and financial reporting requirements
8. Operational Procedures: Specific procedures for bookings, guest communications, maintenance requests, and emergency situations
9. Compliance and Licenses: Obligations regarding local regulations, permits, and maintaining necessary licenses
10. Insurance and Liability: Insurance requirements, liability allocation, and indemnification provisions
11. Termination: Grounds for termination, notice requirements, and post-termination obligations
12. Governing Law and Dispute Resolution: Specification of UAE law governance and dispute resolution procedures
1. Marketing Standards: Detailed marketing requirements and standards, recommended when the property owner wants specific control over marketing activities
2. Revenue Optimization: Specific provisions for pricing strategy and revenue management, useful for luxury properties or highly competitive markets
3. Property Maintenance Standards: Detailed maintenance and cleaning standards, recommended for high-end properties or those with specific maintenance requirements
4. Guest Screening Criteria: Specific criteria for guest acceptance, recommended when owner wants control over guest selection
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant given recent global events
6. Intellectual Property: Provisions regarding use of property images and marketing materials, important for luxury properties or branded residences
1. Schedule 1 - Property Details: Detailed description of the property, including inventory, furnishings, and equipment
2. Schedule 2 - Service Level Agreement: Detailed breakdown of services, response times, and performance metrics
3. Schedule 3 - Fee Structure: Detailed breakdown of all fees, commissions, and charges
4. Schedule 4 - Approved Suppliers: List of approved maintenance, cleaning, and other service providers
5. Schedule 5 - House Rules: Rules and regulations for guests, including check-in/out procedures
6. Schedule 6 - Required Licenses and Permits: List of required licenses and permits with renewal dates
7. Appendix A - Property Photos: Current photographs documenting property condition
8. Appendix B - Insurance Certificates: Copies of required insurance certificates
Authors
Applicable Laws
Booking Platform
Business Day
Check-in Date
Check-out Date
Cleaning Fee
Commission
Confidential Information
Effective Date
Emergency
Guest
Guest Documentation
Holiday Home
House Rules
Initial Term
Insurance Policy
Inventory
License
Management Fee
Management Services
Marketing Materials
Minimum Stay
Operating Account
Owner
Payment Method
Performance Standards
Permitted Use
Property
Property Manager
Renewal Term
Rental Income
Rental Period
Reservation
Security Deposit
Service Fees
Term
Territory
Tourism Authority
Utility Services
Term and Renewal
Services
Property Manager Obligations
Owner Obligations
Fees and Commissions
Payment Terms
Property Maintenance
Guest Management
Marketing
Booking Management
Financial Reporting
Insurance
Compliance
Licenses and Permits
Representations and Warranties
Liability
Indemnification
Confidentiality
Data Protection
Force Majeure
Termination
Post-Termination Obligations
Assignment
Notices
Entire Agreement
Severability
Waiver
Amendment
Governing Law
Dispute Resolution
Real Estate
Property Management
Hospitality
Tourism
Short-term Rentals
Vacation Rentals
Property Services
Asset Management
Real Estate Investment
Legal
Operations
Property Management
Guest Relations
Revenue Management
Compliance
Facilities Management
Business Development
Asset Management
Marketing
Property Manager
Real Estate Manager
Operations Director
Asset Manager
Revenue Manager
Hospitality Manager
General Manager
Legal Counsel
Compliance Officer
Business Development Manager
Property Owner
Real Estate Investor
Tourism License Manager
Facilities Manager
Guest Relations Manager
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