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Condo Management Contract
"I need a Condo Management Contract for a newly constructed 50-unit luxury residential building in Tsim Sha Tsui, Hong Kong, with extensive facilities including a swimming pool and gym, where the management company will take over operations from January 2025."
1. Parties: Identification of the property owner/owners' corporation and the management company, including their respective registration details and addresses
2. Background: Context of the agreement, including property details and the intention to appoint a professional management company
3. Definitions: Definitions of key terms used throughout the agreement, including 'Common Areas', 'Services', 'Management Fee', etc.
4. Appointment and Term: Formal appointment of the manager, duration of the contract, and renewal terms
5. Scope of Services: Detailed description of core management services to be provided
6. Manager's Obligations: Comprehensive list of the manager's duties, responsibilities, and service standards
7. Owner's Obligations: Responsibilities and obligations of the property owner/owners' corporation
8. Management Fees and Payments: Fee structure, payment terms, and mechanisms for fee adjustments
9. Insurance and Liability: Insurance requirements and allocation of liability between parties
10. Termination: Grounds for termination, notice requirements, and consequences of termination
11. Handover Provisions: Requirements for the handover of documents, accounts, and property upon contract termination
12. Governing Law and Dispute Resolution: Specification of Hong Kong law as governing law and dispute resolution mechanisms
1. Special Facilities Management: Additional provisions for managing special facilities like swimming pools, gymnasiums, or clubhouses
2. Capital Works Management: Provisions for managing major renovation or improvement projects
3. Subsidiary Management Companies: Provisions for cases where sub-managers are appointed for specific functions
4. Emergency Response Procedures: Specific procedures for handling emergency situations
5. Environmental Management: Special provisions for green building initiatives or environmental compliance
6. Staff Housing Provisions: Terms regarding on-site staff accommodation if applicable
7. Multiple Owners' Provisions: Additional terms for managing relationships with multiple owners or owners' committees
1. Schedule 1 - Property Details: Detailed description of the property, including common areas and facilities
2. Schedule 2 - Scope of Services: Detailed breakdown of all management services to be provided
3. Schedule 3 - Fee Schedule: Detailed breakdown of management fees, charges, and payment terms
4. Schedule 4 - Performance Standards: Specific service standards and key performance indicators
5. Schedule 5 - Staff Requirements: Minimum staffing requirements and qualifications
6. Schedule 6 - Insurance Requirements: Detailed insurance requirements and coverage levels
7. Appendix A - Building Rules and Regulations: House rules and regulations for the property
8. Appendix B - Emergency Procedures: Detailed emergency response procedures and contact information
9. Appendix C - Maintenance Schedule: Schedule of routine maintenance and inspections
10. Appendix D - Handover Checklist: List of items and documents required for property handover
Authors
Appointment Date
Authorized Representative
Building
Building Management Ordinance
Common Areas
Common Facilities
Commencement Date
Deed of Mutual Covenant
Emergency
Force Majeure
Government Authority
House Rules
Initial Term
Insurance Policies
Management Fee
Management Services
Manager
Notice
Operating Account
Owner
Owners' Committee
Owners' Corporation
Performance Standards
Premises
Property
Property Management Services Ordinance
Renewal Term
Security Deposit
Service Contractors
Service Level Agreement
Sinking Fund
Special Fund
Staff
Term
Termination Date
Working Day
Working Hours
Term and Renewal
Scope of Services
Performance Standards
Fees and Payments
Security Deposit
Insurance
Indemnification
Maintenance and Repair
Emergency Response
Staff and Employment
Financial Management
Reporting and Records
Health and Safety
Security Services
Environmental Management
Compliance
Representations and Warranties
Force Majeure
Termination
Assignment
Confidentiality
Data Protection
Dispute Resolution
Governing Law
Entire Agreement
Severability
Notices
Amendment
Handover
Third Party Rights
Real Estate
Property Management
Facility Management
Building Maintenance
Security Services
Property Development
Insurance
Professional Services
Residential Property
Legal
Operations
Property Management
Facility Management
Contract Administration
Risk & Compliance
Business Development
Asset Management
Security Operations
Maintenance
Client Services
Project Management
Property Manager
Facility Manager
Building Manager
Legal Counsel
Operations Director
Maintenance Supervisor
Security Manager
Contract Administrator
Property Management Director
Compliance Officer
Risk Manager
Business Development Manager
Project Manager
Asset Manager
Property Services Coordinator
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