Document background
The Management Lease Agreement is a specialized contract used in Pakistan when property owners wish to delegate both possession and management responsibilities to a professional management company. This arrangement is particularly common for commercial properties, shopping centers, residential complexes, and industrial facilities where specialized management expertise is required. The document, governed by Pakistani law, integrates lease provisions with comprehensive management services, defining the scope of authority, operational responsibilities, and financial arrangements between the property owner and the management company. It requires careful consideration of local property laws, management regulations, and often includes detailed service level agreements and performance metrics. The Management Lease Agreement is especially relevant in urban centers like Karachi, Lahore, and Islamabad, where professional property management is increasingly in demand for maintaining and optimizing property value and operations.
