Short Term Rental Property Management Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Short Term Rental Property Management Agreement is essential for property owners in the UAE who wish to engage professional management services for their short-term rental properties. This document is particularly relevant in the context of the growing holiday homes market in major emirates like Dubai and Abu Dhabi, where specific regulations govern short-term rental operations. The agreement covers crucial aspects such as property marketing, guest management, maintenance services, financial reporting, and regulatory compliance. It is designed to comply with UAE Federal Laws, including the Civil Code and relevant emirate-specific regulations regarding holiday homes and short-term rentals. The document is commonly used by individual investors, property companies, and management firms operating in the UAE's dynamic real estate and tourism sectors, providing a comprehensive framework for professional property management services.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant legal definitions
Relevant Industries

Real Estate

Property Management

Hospitality

Tourism

Short-term Rentals

Vacation Rentals

Property Services

Asset Management

Real Estate Investment

Relevant Teams

Legal

Operations

Property Management

Guest Relations

Revenue Management

Compliance

Facilities Management

Business Development

Asset Management

Marketing

Relevant Roles

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

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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