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Managing Agent Contract
"I need a Managing Agent Contract for a portfolio of three commercial office buildings in Toronto, with special provisions for sustainable property management practices and LEED certification maintenance, to commence from March 1, 2025."
1. Parties: Identification of the property owner and the managing agent, including full legal names and addresses
2. Background: Context of the agreement, including brief description of the property and the owner's intention to appoint the managing agent
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Management Fee', etc.
4. Appointment and Term: Formal appointment of the managing agent, duration of the agreement, and renewal terms
5. Scope of Services: Comprehensive list of management services to be provided by the managing agent
6. Authority and Powers: Extent and limitations of the managing agent's authority to act on behalf of the owner
7. Duties and Responsibilities: Detailed obligations of the managing agent in performing the services
8. Owner's Obligations: Responsibilities and obligations of the property owner
9. Fees and Expenses: Management fees, payment terms, and reimbursable expenses
10. Financial Management: Requirements for handling rent collection, operating accounts, and financial reporting
11. Insurance and Liability: Insurance requirements and allocation of liability between parties
12. Termination: Grounds for termination, notice requirements, and post-termination obligations
13. Confidentiality: Obligations regarding confidential information and privacy protection
14. General Provisions: Standard clauses including notices, assignment, governing law, etc.
1. Emergency Services: Additional provisions for 24/7 emergency response services, used when the property requires constant availability
2. Multiple Property Management: Special provisions for managing multiple properties, used when the agreement covers more than one property
3. Staff Management: Provisions regarding on-site staff employment and management, used when the property requires dedicated staff
4. Capital Improvements: Specific provisions for managing major renovations or improvements, used for properties requiring significant upgrades
5. Special Requirements: Additional provisions for unique property features or requirements (e.g., heritage properties, mixed-use buildings)
6. Environmental Compliance: Special provisions for environmental management and compliance, used for properties with specific environmental concerns
7. Marketing Services: Additional provisions for marketing and leasing services, used when the agent will handle tenant acquisition
1. Schedule A - Property Details: Detailed description of the property, including address, legal description, and specific features
2. Schedule B - Services Specification: Detailed breakdown of all management services to be provided
3. Schedule C - Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
4. Schedule D - Reporting Requirements: Specific requirements for financial and operational reporting
5. Schedule E - Insurance Requirements: Detailed insurance requirements for both parties
6. Schedule F - Operating Budget: Initial operating budget and guidelines for budget management
7. Schedule G - Emergency Procedures: Detailed procedures for handling various types of emergencies
8. Appendix 1 - Key Contact Information: List of key contacts including emergency contacts, preferred vendors, and key personnel
9. Appendix 2 - Required Forms: Standard forms to be used in property management operations
Authors
Applicable Laws
Approved Budget
Authorized Representative
Building Systems
Business Day
Capital Expenditures
Common Areas
Confidential Information
Effective Date
Emergency
Fiscal Year
Force Majeure
Gross Revenue
Insurance Requirements
Management Fee
Managing Agent
Net Operating Income
Operating Account
Operating Expenses
Owner
Owner's Representative
Performance Standards
Permitted Expenses
Personnel
Property
Property Manager
Renewal Term
Rent Roll
Reserve Fund
Services
Service Contracts
Subcontractor
Term
Tenants
Trust Account
Working Capital
Authority
Scope of Services
Term and Renewal
Management Fees
Operating Expenses
Property Maintenance
Financial Management
Reporting Requirements
Insurance
Indemnification
Liability
Confidentiality
Data Protection
Emergency Services
Staff Management
Subcontracting
Compliance
Health and Safety
Environmental
Termination
Force Majeure
Assignment
Dispute Resolution
Notices
Governing Law
Amendments
Severability
Entire Agreement
Warranties and Representations
Standard of Care
Trust Account Management
Budget Management
Capital Improvements
Tenant Relations
Record Keeping
Intellectual Property
Non-Solicitation
Conflict of Interest
Real Estate
Property Management
Commercial Property
Residential Property
Mixed-Use Development
Retail Property Management
Industrial Property Management
Office Property Management
Multi-Family Housing
Senior Living Facilities
Student Housing
Commercial Real Estate Investment
Legal
Real Estate Operations
Property Management
Asset Management
Facilities Management
Contract Administration
Risk Management
Operations
Finance
Compliance
Building Operations
Property Manager
Asset Manager
Real Estate Manager
Facilities Manager
Building Operations Manager
Property Management Director
Real Estate Operations Director
Asset Management Executive
Property Management Coordinator
Legal Counsel
Contract Administrator
Real Estate Portfolio Manager
Operations Manager
Building Manager
Property Administrator
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