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Exclusive Management Agency Agreement Residential
"I need an Exclusive Management Agency Agreement Residential for my portfolio of three Melbourne apartments, with comprehensive service level requirements and a clause allowing for potential addition of two more properties by March 2025, plus specific provisions for short-term letting options."
1. Parties: Identification of the Property Owner/Landlord and the Managing Agent, including full legal names, addresses, and relevant license details
2. Background: Context of the agreement, including property details and the intention to appoint the agent as exclusive property manager
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the agent, specification of exclusivity, and duration of the agreement
5. Agent's Authority: Scope of agent's authority to act on behalf of the owner, including specific permissions and limitations
6. Agent's Obligations: Detailed listing of all services and duties the agent will perform
7. Owner's Obligations: Requirements and responsibilities of the property owner
8. Fees and Charges: Comprehensive breakdown of management fees, commissions, and other charges
9. Trust Account: Details of trust account management and handling of rental income
10. Insurance and Indemnity: Insurance requirements and indemnification provisions
11. Termination: Conditions and procedures for terminating the agreement
12. Dispute Resolution: Process for handling disputes between parties
13. General Provisions: Standard legal provisions including governing law, notices, and entire agreement clause
1. Special Conditions: Additional terms specific to the property or arrangement, used when standard terms need modification
2. Maintenance Authority: Specific delegation of maintenance decision-making authority, used when owner wants to set spending limits
3. Marketing and Advertising: Detailed provisions for marketing vacant properties, used when specific marketing requirements exist
4. Body Corporate Management: Specific provisions for managing strata properties, used only for properties under strata title
5. Natural Disaster Protocol: Procedures for managing property during natural disasters, used in disaster-prone areas
6. Pet Provisions: Specific policies regarding pets in the property, used when owner has specific pet requirements
7. Short-term Letting Provisions: Additional terms for properties that may be used for short-term letting, used when mixed letting arrangements are considered
1. Schedule 1 - Property Details: Detailed description of the managed property including address, features, and inclusions
2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
3. Schedule 3 - Maintenance Schedule: Predetermined maintenance schedule and spending authorities
4. Schedule 4 - Property Condition Report: Detailed report of property condition at agreement commencement
5. Appendix A - Required Documents: Copies of necessary certificates, insurance policies, and compliance documents
6. Appendix B - Service Level Agreement: Detailed specification of service standards and response times
7. Appendix C - Emergency Contacts: List of approved contractors and emergency contacts
Authors
Agent
Approved Expenses
Authorised Person
Business Day
Commencement Date
Common Property
Confidential Information
Disbursements
Emergency Repairs
Exclusive Agency
Fees
Force Majeure Event
GST
Lease
Letting Fee
Management Fee
Notice
Owner
Property
Property Condition Report
Property Income
Rent
Rental Agreement
Repair Order
Residential Tenancies Act
Security Deposit
Services
Strata Manager
Tenant
Term
Trust Account
Utilities
Outgoings
Working Day
Authority
Term
Exclusivity
Services
Fees and Commissions
Property Income
Trust Account
Maintenance and Repairs
Insurance
Indemnity
Property Access
Reporting
Communications
Confidentiality
Data Protection
Compliance
Anti-Money Laundering
Termination
Assignment
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Variation
GST
Privacy
Record Keeping
Marketing
Emergency Procedures
Health and Safety
Warranties
Agency
Sub-Contracting
Liability
Default
Remedies
Property Inspection
Real Estate
Property Management
Residential Property
Property Investment
Property Services
Real Estate Investment
Rental Housing
Legal
Property Management
Operations
Compliance
Business Development
Administrative Support
Contract Administration
Client Services
Risk Management
Property Manager
Real Estate Agent
Property Management Director
Compliance Officer
Business Development Manager
Operations Manager
Legal Counsel
Contract Administrator
Real Estate Branch Manager
Leasing Consultant
Property Management Administrator
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