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Rent To Rent Management Contract
"I need a Rent To Rent Management Contract for my 15-unit residential apartment building in Chicago, where I want to give full management rights to ABC Property Management Ltd starting March 2025, with specific provisions for short-term rentals and a profit-sharing arrangement."
1. Parties: Identification and details of the property owner and management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed outline of management responsibilities and services to be provided
5. Term and Termination: Duration of agreement and conditions for termination
6. Fees and Payment Terms: Management fees, commission structure, and payment schedule
7. Obligations and Responsibilities: Specific duties and responsibilities of both parties
8. Compliance with Laws: Obligations regarding legal compliance and regulatory requirements
9. Liability and Indemnification: Terms regarding liability allocation and indemnification obligations
10. General Provisions: Standard contract clauses including notices, amendments, and governing law
1. Marketing Services: Additional terms for property marketing and advertising services
2. Maintenance Services: Specific terms for property maintenance, repairs, and contractor management
3. Insurance Requirements: Detailed insurance obligations and coverage requirements
4. Rent Collection and Financial Reporting: Specific procedures for rent collection and financial reporting requirements
5. Emergency Procedures: Protocols for handling emergency situations and after-hours services
1. Property Schedule: Detailed information about the managed property including address and specifications
2. Fee Schedule: Comprehensive breakdown of all management fees, charges, and commission structures
3. Service Level Agreement: Detailed performance metrics and service standards for property management
4. Property Inventory: Detailed list of fixtures, fittings, and contents included in the property
5. Maintenance and Repair Authorization Limits: Schedule of spending limits and authorization requirements for maintenance and repairs
Authors
Applicable Laws
Commencement Date
Common Areas
Deposit
Effective Date
Gross Rental Income
Head Lease
Landlord
Management Company
Management Fee
Management Period
Management Services
Net Rental Income
Operating Expenses
Permitted Use
Premises
Property
Rent
Rent Roll
Service Charges
Sub-lease
Sub-tenant
Term
Termination Date
Utilities
Void Period
Working Day
Management Services
Term and Termination
Fees and Payments
Property Maintenance
Insurance Requirements
Liability and Indemnification
Rent Collection
Sub-letting Rights
Property Access
Reporting Requirements
Compliance with Laws
Health and Safety
Confidentiality
Data Protection
Force Majeure
Assignment and Delegation
Dispute Resolution
Notices
Marketing and Advertising
Property Inspections
Tenant Screening
Emergency Procedures
Record Keeping
Professional Standards
Warranties and Representations
Entire Agreement
Governing Law
Severability
Amendments
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