Commercial Property Management Agreement Template for New Zealand

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Key Requirements PROMPT example:

Commercial Property Management Agreement

"I need a Commercial Property Management Agreement for a multi-tenant office building in Auckland, New Zealand, with specific provisions for sustainability reporting and green building management, to commence from March 2025."

Document background
The Commercial Property Management Agreement is a crucial document used when a property owner wishes to engage a professional property management company to handle the day-to-day operations and management of their commercial property in New Zealand. This agreement is essential for establishing clear parameters around service delivery, financial management, and operational responsibilities while ensuring compliance with New Zealand's property law, health and safety regulations, and building requirements. It typically includes detailed provisions for rent collection, maintenance, financial reporting, insurance requirements, and property manager's authority levels. The agreement is particularly important for commercial property owners who require professional management services to maximize their property's value and operational efficiency while minimizing their direct involvement in day-to-day management tasks.
Suggested Sections

1. Parties: Identification of the property owner and the property management company, including full legal names and contact details

2. Background: Context of the agreement, including brief description of the property and purpose of the management arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement

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 by the property manager

6. Property Manager's Authority: Scope of the manager's decision-making authority and spending limits

7. Owner's Obligations: Responsibilities and obligations of the property owner

8. Fees and Expenses: Detailed breakdown of management fees, commission structures, and reimbursable expenses

9. Financial Management: Procedures for rent collection, accounting, reporting, and handling of operating expenses

10. Insurance and Liability: Insurance requirements and allocation of liability between parties

11. Termination: Conditions and procedures for terminating the agreement

12. Dispute Resolution: Process for handling disputes between parties

13. General Provisions: Standard contract clauses including governing law, notices, and amendments

Optional Sections

1. Multiple Property Management: Additional terms for managing multiple properties under the same agreement

2. Specialised Facilities Management: Specific provisions for properties with specialized facilities or equipment

3. Development and Construction Management: Terms for overseeing property improvements or development projects

4. Environmental Compliance: Specific obligations regarding environmental management and compliance

5. Body Corporate Management: Additional terms for properties subject to body corporate arrangements

6. Marketing and Leasing Services: Detailed terms for tenant procurement and marketing services if included

7. Emergency Response Procedures: Specific procedures for handling emergency situations

8. Staff Management: Terms regarding on-site staff management if applicable

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the managed property, including address, title details, and specific features

2. Schedule 2 - Fee Schedule: Comprehensive breakdown of all fees, charges, and commission structures

3. Schedule 3 - Scope of Services: Detailed list of included and excluded property management services

4. Schedule 4 - Key Performance Indicators: Specific performance metrics and reporting requirements

5. Schedule 5 - Authorized Expenditure Limits: Detailed breakdown of spending authorities and approval requirements

6. Schedule 6 - Reporting Requirements: Templates and frequencies for required reports and financial statements

7. Schedule 7 - Emergency Contacts: List of emergency contacts and procedures

8. Appendix A - Property Management Software and Systems: Details of property management systems to be used

9. Appendix B - Maintenance Contractors: Approved contractors and service providers

10. Appendix C - Insurance Certificates: Copies of required insurance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Commercial Real Estate

Property Management

Facility Management

Real Estate Investment

Commercial Property Development

Property Services

Building Management

Asset Management

Professional Services

Commercial Leasing

Relevant Teams

Legal

Operations

Property Management

Asset Management

Finance

Compliance

Risk Management

Facilities Management

Contract Administration

Business Development

Real Estate

Relevant Roles

Property Manager

Facility Manager

Asset Manager

Real Estate Manager

Operations Manager

Commercial Property Director

Legal Counsel

Contract Manager

Building Manager

Portfolio Manager

Property Services Director

Compliance Officer

Finance Manager

Regional Property Manager

Managing Director

Chief Operating Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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