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Short Term Rental Property Management Agreement
"I need a Short Term Rental Property Management Agreement for my luxury apartment in Munich, where the property manager will handle everything from guest screening to dynamic pricing, with a focus on high-end clientele and premium service levels, starting from March 2025."
1. Parties: Identification of the property owner and the property management company, including full legal names, addresses, and registration details
2. Background: Brief context of the agreement, including property details and purpose of the management arrangement
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Short-Term Rental', 'Guests', 'Booking Platforms', etc.
4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms
5. Property Manager's Services: Comprehensive list of core services to be provided, including marketing, guest communication, check-in/out, cleaning, maintenance
6. Property Owner's Obligations: Owner's responsibilities, including maintaining property insurance, providing necessary documentation, and ensuring property compliance
7. Financial Terms: Management fees, commission structures, handling of rental income, payment terms, and expense management
8. Booking and Rental Policies: Guidelines for setting rental rates, minimum stays, booking procedures, and cancellation policies
9. Maintenance and Repairs: Procedures for routine maintenance, emergency repairs, spending limits, and approval processes
10. Reporting and Communication: Regular reporting requirements, communication protocols, and documentation standards
11. Insurance and Liability: Insurance requirements, liability limitations, and indemnification provisions
12. Data Protection: GDPR compliance measures and data handling procedures
13. Termination: Termination conditions, notice periods, and post-termination obligations
14. Governing Law: Specification of German law as governing law and jurisdiction for disputes
1. Multiple Property Management: Additional terms for managing multiple properties, used when the owner has multiple units under management
2. Revenue Optimization Services: Specific terms for dynamic pricing and revenue management services, if offered
3. Staff and Subcontractors: Terms regarding the use of staff and third-party service providers, if relevant
4. Marketing Budget and Strategy: Detailed marketing terms and budget allocation, if separate from standard services
5. Property Improvement Programs: Terms for managing property upgrades and improvements, if such services are offered
6. Guest Screening Procedures: Specific protocols for guest verification and screening, if required by owner
7. Emergency Response Plan: Detailed emergency procedures and protocols, particularly relevant for remote properties
1. Schedule 1: Property Details: Detailed description of the property, including inventory, amenities, and specific features
2. Schedule 2: Service Level Agreement: Detailed breakdown of services, response times, and quality standards
3. Schedule 3: Fee Schedule: Comprehensive breakdown of all fees, charges, and commission structures
4. Schedule 4: Approved Contractors: List of pre-approved maintenance and service contractors with contact details
5. Schedule 5: House Rules: Specific rules and guidelines for guests during their stay
6. Appendix A: Property Photos: Current dated photographs documenting the property's condition
7. Appendix B: Maintenance Schedule: Planned maintenance and cleaning schedules
8. Appendix C: Emergency Procedures: Detailed emergency contact information and response procedures
Authors
Property
Property Owner
Property Manager
Management Services
Short-Term Rental
Booking Platforms
Guest
Booking
Booking Period
Check-in
Check-out
Management Fee
Commission
Gross Rental Income
Net Rental Income
Operating Expenses
Maintenance
Emergency Maintenance
Regular Maintenance
Service Providers
House Rules
Inventory
Booking Terms and Conditions
Cancellation Policy
Force Majeure
Insurance Coverage
Property Management System
Channel Manager
Cleaning Services
Security Deposit
Damage Report
Guest Reviews
Marketing Services
Occupancy Rate
Revenue Management
Personal Data
Booking Confirmation
Payment Processing
Reporting Period
Financial Reports
Maintenance Fund
Emergency Contact
Local Representative
Applicable Laws
Zweckentfremdung
Value Added Tax (VAT)
Intellectual Property
Confidential Information
Term
Termination Date
Working Day
Term and Renewal
Services
Property Management Obligations
Owner Obligations
Authority and Powers
Fees and Commissions
Payment Terms
Booking Management
Guest Relations
Maintenance and Repairs
Emergency Response
Financial Management
Reporting
Insurance
Liability and Indemnification
Property Access
Marketing and Promotion
Revenue Management
Health and Safety
Compliance
Data Protection
Confidentiality
Intellectual Property
Force Majeure
Assignment
Subcontracting
Termination
Post-Termination
Dispute Resolution
Governing Law
Severability
Entire Agreement
Notices
Amendments
Anti-Money Laundering
Tax Compliance
Real Estate
Property Management
Tourism and Hospitality
Vacation Rental
Corporate Housing
Property Services
Real Estate Investment
Serviced Apartments
Property Technology
Travel Accommodation
Legal
Operations
Property Management
Revenue Management
Client Relations
Compliance
Business Development
Facilities Management
Guest Services
Finance
Asset Management
Property Manager
Real Estate Manager
Operations Director
Legal Counsel
Compliance Officer
Property Owner
Asset Manager
Facilities Manager
Revenue Manager
Client Relations Manager
Business Development Manager
Regional Property Manager
Short-Term Rental Coordinator
Property Management Executive
Hospitality Manager
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