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Real Estate Operating Agreement
"I need a Real Estate Operating Agreement under Singapore law for a mixed-use commercial and residential building with 200 units, which will be managed by ABC Property Management starting March 1, 2025, with specific provisions for green building maintenance and smart building technology integration."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the operating agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of property management services to be provided
5. Term and Termination: Duration of agreement and conditions for termination
6. Fees and Payment Terms: Management fees, payment schedule, and related financial terms
7. Obligations and Responsibilities: Duties of both property manager and property owner
8. Insurance and Liability: Insurance requirements and allocation of risks
9. Governing Law: Specification of Singapore law as governing law
1. Emergency Services: Procedures for emergency situations - recommended for larger properties requiring 24/7 management
2. Staff Management: Terms regarding on-site staff - applicable when property requires dedicated staff
3. Environmental Compliance: Green building maintenance requirements - for properties with specific environmental certifications
4. Technology Services: Building management systems and technology - for smart buildings or properties with advanced systems
1. Schedule 1: Property Details: Detailed description of the property and facilities
2. Schedule 2: Service Level Agreements: Specific performance metrics and standards
3. Schedule 3: Fee Schedule: Detailed breakdown of all fees and charges
4. Schedule 4: Maintenance Schedule: Regular maintenance and inspection requirements
5. Appendix A: Emergency Procedures: Detailed emergency response protocols
6. Appendix B: Required Insurance Coverage: Specific insurance requirements and minimum coverage levels
Authors
Applicable Laws
Approved Budget
Building
Building Systems
Common Areas
Commencement Date
Effective Date
Emergency Services
Facility
Force Majeure
Gross Operating Income
Improvements
Insurance Requirements
Key Performance Indicators
Management Fee
Management Services
Operating Expenses
Operating Standards
Owner
Permits
Premises
Property
Property Manager
Regular Business Hours
Regulatory Requirements
Service Charges
Service Level Agreement
Service Provider
Term
Termination Date
Utilities
Term and Termination
Management Fee
Operating Expenses
Budgeting and Financial Reporting
Property Manager's Duties
Owner's Obligations
Insurance and Indemnification
Maintenance and Repairs
Emergency Services
Staff and Personnel
Compliance with Laws
Health and Safety
Environmental Compliance
Service Level Requirements
Performance Standards
Record Keeping
Reporting Requirements
Confidentiality
Intellectual Property
Force Majeure
Assignment and Subcontracting
Dispute Resolution
Notices
Governing Law
Liability Limitations
Amendment and Modification
Entire Agreement
Severability
Third Party Rights
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