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Property Management Contract Agreement
"I need a Property Management Contract Agreement for a portfolio of five residential properties in California, with specific provisions for eco-friendly maintenance requirements and quarterly performance reviews, starting from March 2025."
1. Parties: Identifies the property owner and property management company, including full legal names and addresses
2. Background: Outlines the context of the agreement, property details, and the parties' intention to enter into a management arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Services: Details the specific property management services to be provided
5. Term and Termination: Specifies the duration of the agreement and conditions for termination
6. Compensation: Outlines management fees, payment terms, and additional fee structures
7. Responsibilities of Manager: Detailed listing of property manager's duties and obligations
8. Responsibilities of Owner: Specifies owner's obligations and commitments
9. Insurance and Liability: Details required insurance coverage and liability provisions
1. Emergency Protocols: Procedures for handling emergencies - recommended for larger properties or those with specific safety concerns
2. Environmental Compliance: Environmental management requirements - applicable when property has specific environmental considerations
3. Construction Management: Procedures for managing construction projects - relevant when property requires significant renovations or improvements
4. Special Provisions: Additional terms specific to the property - used when property has unique requirements or circumstances
1. Property Schedule: Detailed description of the managed property(ies)
2. Fee Schedule: Detailed breakdown of all fees and charges
3. Service Level Agreement: Specific performance metrics and service standards
4. Maintenance Schedule: Regular maintenance requirements and schedules
5. Emergency Contact List: List of emergency contacts and procedures
6. Insurance Requirements: Detailed insurance specifications
7. Required Forms: Standard forms used in property management operations
Authors
Property
Services
Management Fee
Commencement Date
Term
Operating Expenses
Gross Receipts
Net Operating Income
Management Personnel
Effective Date
Force Majeure
Termination Date
Common Areas
Tenant
Lease
Operating Account
Security Deposit
Maintenance
Emergency Repairs
Capital Improvements
Property Manager
Owner's Representative
Business Day
Fiscal Year
Insurance Requirements
Applicable Laws
Service Contracts
Reserve Account
Rent Roll
Management Standard
Confidential Information
Property Records
Budget
Accounting Period
Term and Termination
Compensation and Fees
Payment Terms
Property Management Services
Leasing and Tenant Management
Maintenance and Repairs
Financial Management
Reporting Requirements
Insurance Requirements
Liability and Indemnification
Confidentiality
Non-Competition
Force Majeure
Assignment and Delegation
Compliance with Laws
Health and Safety
Emergency Procedures
Record Keeping
Dispute Resolution
Notice Requirements
Severability
Entire Agreement
Governing Law
Amendment and Modification
Authorized Representatives
Property Access
Budget Management
Service Level Standards
Subcontracting
Environmental Compliance
Security Measures
Property Marketing
Capital Improvements
Warranties and Representations
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