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Property Management Agreement With Owner
"I need a Property Management Agreement With Owner for a newly constructed commercial office building in Berlin, with specific provisions for green building certification maintenance and energy efficiency monitoring, planned to commence from March 1, 2025."
1. Parties: Identification of the property owner and the property manager, including full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement, including property details and purpose of the management arrangement
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Management Fee', etc.
4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms
5. Scope of Services: Comprehensive list of core property management services to be provided
6. Manager's Rights and Obligations: Detailed responsibilities and authority of the property manager
7. Owner's Rights and Obligations: Owner's responsibilities, including funding obligations and information provision
8. Financial Management: Handling of rent collection, operating expenses, accounting, and reporting requirements
9. Fees and Expenses: Management fees, reimbursable expenses, and payment terms
10. Insurance and Liability: Required insurance coverage and allocation of liability between parties
11. Data Protection: GDPR compliance measures and data handling procedures
12. Termination: Grounds for termination, notice periods, and post-termination obligations
13. Handover Procedures: Process for transferring management responsibilities at contract end
14. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes
15. Miscellaneous: Standard legal provisions including severability, entire agreement, and amendments
1. Emergency Services: Special procedures for emergency situations, recommended for larger properties or residential complexes
2. Construction Management: Include when the manager will oversee renovation or construction projects
3. WEG Management: Required when managing condominiums under the German Condominium Act
4. Multi-Property Management: Include when managing multiple properties under one agreement
5. Special Authorizations: For specific powers of attorney or extraordinary authority grants
6. Sustainability Management: Include for properties with specific environmental or energy efficiency goals
7. Staff Management: Required when the manager will employ on-site staff
8. Marketing Services: Include if the manager will handle property marketing or leasing
1. Property Schedule: Detailed description of the property, including address, features, and facilities
2. Services Schedule: Itemized list of included management services and their specifications
3. Fee Schedule: Detailed breakdown of all fees, charges, and payment terms
4. Authorization Limits: Specific monetary and decision-making authority limits for the manager
5. Reporting Templates: Standard formats for required financial and operational reports
6. Contact Protocol: Communication procedures and emergency contact information
7. Maintenance Schedule: Planned maintenance programs and procedures
8. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
9. Bank Account Details: Designated account information for financial transactions
10. Handover Checklist: List of documents and items to be transferred at contract start/end
Authors
Applicable Laws
Approved Budget
Authorized Representative
Banking Day
BGB
Building
Common Areas
Commencement Date
Confidential Information
Data Protection Laws
DSGVO/GDPR
Effective Date
Emergency
Expiry Date
Fees
Financial Year
Force Majeure
Initial Term
Insurance Requirements
Lease(s)
Maintenance
Management Services
Manager
Operating Account
Operating Expenses
Owner
Owner's Representative
Parties
Personal Data
Property
Property Manager's Fee
Renewal Term
Rent
Reporting Period
Reserve Account
Service Charge
Service Contracts
Service Providers
Tenants
Term
Termination Date
VAT
WEG
Authority and Powers
Term and Renewal
Management Services
Property Manager Obligations
Owner Obligations
Fees and Expenses
Financial Management
Budgeting
Reporting
Insurance
Indemnification
Liability Limitation
Data Protection
Confidentiality
Force Majeure
Termination
Assignment
Subcontracting
Health and Safety
Compliance
Record Keeping
Dispute Resolution
Notices
Amendments
Severability
Entire Agreement
Governing Law
Emergency Procedures
Property Access
Maintenance and Repairs
Service Contracts Management
Tenant Relations
Rent Collection
Bank Accounts
Staff Employment
Intellectual Property
Non-Solicitation
Warranties
Third Party Rights
Real Estate
Property Management
Commercial Property
Residential Property
Mixed-Use Property
Retail Property
Industrial Property
Office Property
Hospitality
Senior Living
Student Housing
Legal
Real Estate
Property Management
Operations
Asset Management
Compliance
Finance
Facilities Management
Contract Administration
Risk Management
Property Manager
Asset Manager
Real Estate Manager
Facility Manager
Property Owner
Real Estate Investor
Managing Director
Operations Manager
Legal Counsel
Contract Manager
Portfolio Manager
Building Manager
Compliance Officer
Real Estate Director
Property Administrator
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