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Exclusive Management Agency Agreement
"I need an Exclusive Management Agency Agreement for a portfolio of five residential properties in Sydney, with special provisions for holiday letting of two beachfront units during peak seasons and authority for the agent to approve maintenance expenses up to $2,000 without consultation."
1. Parties: Identification of the property owner/landlord and the managing agent, including all relevant contact details and licensing information
2. Background: Context of the agreement, including property details and the owner's intention to appoint the agent
3. Definitions: Key terms used throughout the agreement, ensuring clear interpretation
4. Appointment and Authority: Formal appointment of the agent and scope of authority granted
5. Term of Agreement: Duration of the management agreement, including start date and termination provisions
6. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property management duties
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Charges: Detailed breakdown of management fees, commission structures, and additional charges
9. Trust Account Management: Handling of rental income and other funds, including trust account details
10. Maintenance and Repairs: Procedures for property maintenance, spending limits, and emergency repairs
11. Insurance and Liability: Insurance requirements and allocation of liability between parties
12. Termination: Conditions and procedures for terminating the agreement
13. Dispute Resolution: Process for handling disputes between parties
14. General Provisions: Standard legal provisions including governing law, notices, and entire agreement clause
1. Multiple Properties Management: Additional terms for managing multiple properties under the same agreement
2. Holiday or Short-term Letting: Specific provisions for holiday rentals or short-term letting arrangements
3. Strata Management Coordination: Terms regarding coordination with strata management if the property is part of a strata scheme
4. Foreign Investment Compliance: Additional requirements for foreign-owned properties
5. Property Marketing Services: Additional terms for marketing services during vacancy periods
6. Building Works Supervision: Terms for overseeing major renovations or building works
7. Digital Services: Provisions for digital property management tools and platforms
1. Schedule 1 - Property Details: Comprehensive details of the managed property including address, features, and condition
2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
3. Schedule 3 - Maintenance Contractors: List of approved contractors and maintenance providers
4. Schedule 4 - Property Management Services: Detailed scope of services to be provided by the agent
5. Schedule 5 - Key Performance Indicators: Metrics for measuring agent performance
6. Appendix A - Required Insurance Certificates: Copies of required insurance policies
7. Appendix B - Property Condition Report: Detailed report on property condition at agreement commencement
8. Appendix C - Authorization Forms: Standard forms for various authorizations and approvals
Authors
Agreed Services
Authorised Spending Limit
Business Day
Commencement Date
Common Property
Disbursements
Emergency Repairs
Exclusive Agency
GST
Gross Collections
Management Fees
Maintenance Fund
Managing Agent
Notice
Owner
Owner's Corporation
Outgoings
Premises
Property
Property Condition Report
Rent
Rental Account
Routine Repairs
Schedule of Fees
Services
Strata Plan
Tenancy Agreement
Tenant
Term
Trust Account
Urgent Repairs
Exclusivity
Term and Renewal
Agent's Duties
Owner's Obligations
Financial Management
Fees and Commissions
Property Maintenance
Insurance Requirements
Indemnification
Trust Account Management
Reporting Requirements
Communication Protocols
Tenant Management
Maintenance and Repairs
Emergency Procedures
Termination Rights
Assignment and Delegation
Confidentiality
Dispute Resolution
Compliance with Laws
Force Majeure
Notices
Governing Law
Entire Agreement
Severability
Variation
GST and Taxation
Limited Agency
Property Access
Record Keeping
Electronic Communications
Privacy and Data Protection
Real Estate
Property Management
Residential Property
Commercial Property
Property Investment
Rental Property Management
Asset Management
Professional Services
Property Services
Legal
Property Management
Operations
Compliance
Business Development
Client Services
Contract Administration
Asset Management
Risk Management
Property Manager
Real Estate Agent
Asset Manager
Portfolio Manager
Business Development Manager
Operations Manager
Compliance Officer
Legal Counsel
Contract Administrator
Property Services Director
Real Estate Agency Principal
Leasing Manager
Client Relationship Manager
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