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Managing Agent Contract
"I need a Managing Agent Contract for my portfolio of five commercial properties in Sydney, with specific provisions for after-hours emergency maintenance and quarterly performance reviews, to commence from March 1, 2025."
1. Parties: Identification of the property owner(s) and the managing agent, including all relevant contact details and license information
2. Background: Context of the agreement, including brief description of the property and purpose of engagement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Appointment and Authority: Formal appointment of the managing agent and scope of authority granted
5. Term of Agreement: Duration of the agreement, including start date, end date, and renewal provisions
6. Agent's Services and Responsibilities: Comprehensive list of services to be provided by the managing agent
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Charges: Detailed breakdown of all management fees, commission structures, and additional charges
9. Trust Account Management: Procedures for handling rental income and expenses through trust accounts
10. Maintenance and Repairs: Process for handling property maintenance, including spending limits and authorization requirements
11. Termination: Conditions and procedures for terminating the agreement by either party
12. Insurance and Liability: Insurance requirements and liability provisions for both parties
13. Dispute Resolution: Process for handling disputes between the parties
14. General Provisions: Standard legal provisions including governing law, notices, and entire agreement clause
1. Multiple Property Management: Additional terms for managing multiple properties, used when the owner has multiple properties under management
2. Special Property Features: Specific terms for properties with unique features or requirements (e.g., swimming pools, elevators, security systems)
3. Body Corporate Management: Additional terms for properties within strata or community title schemes
4. Holiday or Short-term Letting: Specific provisions for properties used for holiday or short-term rentals
5. Marketing and Advertising: Detailed terms for additional marketing services beyond standard property management
6. Resident Manager Services: Additional terms when the agent also provides on-site management services
7. Foreign Owner Provisions: Special requirements for overseas property owners, including tax obligations
1. Property Schedule: Detailed description of the managed property/properties, including address, features, and condition reports
2. Fee Schedule: Comprehensive breakdown of all fees, charges, and commission structures
3. Maintenance Schedule: Detailed maintenance requirements and schedules for regular property upkeep
4. Authorized Persons: List of authorized persons who can act on behalf of the owner
5. Service Level Agreement: Detailed breakdown of service standards and response times
6. Property Management Checklist: Checklist of regular tasks and responsibilities
7. Emergency Procedures: Procedures for handling emergency situations
8. Insurance Details: Schedule of required insurance coverage and current policies
Authors
Approved Expenses
Authorised Person
Body Corporate
Business Day
Commencement Date
Common Property
Confidential Information
Emergency Repairs
Expiry Date
Fees
Force Majeure Event
GST
Gross Rental Income
Insurance Requirements
Laws
Lease
Maintenance
Managing Agent
Net Rental Income
Operating Account
Owner
Property
Property Management Services
Rent
Rental Period
Reports
Security Deposit
Service Level Standards
Special Conditions
Strata Scheme
Tenant
Term
Trust Account
Urgent Repairs
Authority
Services
Term
Fees and Commissions
Trust Account Management
Property Maintenance
Insurance
Reporting
Communication
Confidentiality
Data Protection
Compliance
Indemnification
Liability
Force Majeure
Termination
Assignment
Dispute Resolution
Notices
Governing Law
Entire Agreement
Variation
Severability
GST
Property Access
Emergency Management
Record Keeping
Marketing
Anti-Money Laundering
Intellectual Property
Conflict of Interest
Performance Standards
Sub-Contracting
Risk Management
Real Estate
Property Management
Commercial Property
Residential Property
Hospitality
Corporate Services
Facilities Management
Investment Management
Property Development
Asset Management
Legal
Real Estate
Property Management
Operations
Compliance
Risk Management
Business Development
Account Management
Administrative Support
Facilities Management
Asset Management
Contract Administration
Property Manager
Real Estate Agent
Portfolio Manager
Asset Manager
Facilities Manager
Legal Counsel
Contract Manager
Real Estate Director
Operations Manager
Property Services Manager
Compliance Officer
Risk Manager
Business Development Manager
Account Manager
Property Administrator
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