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Management Lease Agreement
"I need a Management Lease Agreement for a 50-unit residential apartment complex in Lagos, Nigeria, with specific provisions for green building maintenance and sustainability reporting requirements, to commence from March 1, 2025."
1. Parties: Identification of the property owner/lessor and management company/lessee with full legal details
2. Background: Context of the agreement, property details, and purpose of the management arrangement
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and interpretation rules
4. Appointment and Term: Scope of management appointment, duration, and renewal terms
5. Management Services: Detailed description of services to be provided by the management company
6. Property Manager's Obligations: Specific duties, responsibilities, and performance standards
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Financial Terms: Management fees, payment terms, expenses, and financial reporting requirements
9. Operating Budget and Business Plan: Process for preparing, approving, and implementing annual budgets and business plans
10. Maintenance and Repairs: Responsibilities and procedures for property maintenance and repairs
11. Insurance and Liability: Insurance requirements and allocation of risks between parties
12. Compliance and Permits: Regulatory compliance obligations and required permits/licenses
13. Termination: Grounds for termination, notice requirements, and consequences
14. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions
15. General Provisions: Standard clauses including notices, assignment, force majeure, and governing law
1. Environmental Compliance: Detailed environmental obligations when property has specific environmental considerations
2. Staff and Employment: Terms regarding employment and transfer of staff when management includes personnel management
3. Marketing and Promotion: Specific provisions for property marketing when required for commercial properties
4. Capital Improvements: Procedures for major improvements when significant property development is anticipated
5. Sub-contracting: Terms for engaging third-party contractors when complex service delivery is required
6. Emergency Procedures: Specific protocols for emergency situations in high-risk properties
7. Intellectual Property: IP provisions when branded properties or proprietary systems are involved
8. Data Protection: Specific data handling requirements when managing sensitive tenant information
1. Property Description: Detailed description of the property including plans and specifications
2. Services Specification: Detailed scope of management services and performance standards
3. Fee Structure: Detailed breakdown of management fees, incentives, and payment calculations
4. Initial Budget: First-year operating budget and financial projections
5. Key Performance Indicators: Specific performance metrics and reporting requirements
6. Existing Contracts: List of existing service contracts and obligations
7. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Required Permits and Licenses: List of necessary regulatory permits and licenses
9. Handover Procedures: Detailed procedures for property handover at termination
10. Emergency Contacts: List of emergency contacts and escalation procedures
Authors
Applicable Laws
Approved Budget
Business Day
Business Hours
Commencement Date
Common Areas
Confidential Information
Contract Year
Effective Date
Emergency
Environmental Laws
Event of Default
Expiry Date
Fees
Force Majeure Event
Good Industry Practice
Gross Operating Income
Handover Date
Improvements
Initial Term
Insurance Requirements
Intellectual Property Rights
Key Performance Indicators
Land Use Rights
Lease
Management Services
Operating Expenses
Operating Standards
Owner
Permits
Premises
Professional Advisor
Property
Property Manager
Quarterly Report
Renewal Term
Rent
Required Insurances
Service Charge
Services
Service Level Agreement
Sub-contractor
Taxes
Term
Termination Date
Third Party Contracts
Utilities
VAT
Working Capital
Term and Renewal
Services Scope
Management Obligations
Property Access
Maintenance and Repair
Financial Management
Budgeting and Planning
Reporting Requirements
Performance Standards
Staff and Employment
Sub-contracting
Insurance
Indemnification
Liability Limitation
Force Majeure
Confidentiality
Data Protection
Intellectual Property
Health and Safety
Environmental Compliance
Regulatory Compliance
Anti-corruption
Record Keeping
Audit Rights
Assignment and Transfer
Termination
Post-Termination Obligations
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Counterparts
Authority and Capacity
Representations and Warranties
Emergency Procedures
Property Handover
Service Levels
Fee Structure
Payment Terms
Tax Compliance
Insurance Requirements
Property Security
Marketing and Promotion
Utilities Management
Real Estate
Hospitality
Retail
Commercial Property
Industrial
Healthcare
Education
Residential Property Management
Mixed-use Development
Shopping Centers
Office Buildings
Logistics and Warehousing
Legal
Operations
Finance
Risk Management
Compliance
Property Management
Facility Management
Asset Management
Commercial
Maintenance
Business Development
Customer Service
Property Manager
Facility Manager
Real Estate Director
Operations Manager
Asset Manager
Legal Counsel
Finance Director
Commercial Director
Risk Manager
Compliance Officer
Building Manager
Portfolio Manager
Managing Director
Chief Operating Officer
Regional Property Manager
Maintenance Manager
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