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Property Management Lease Agreement
"I need a Property Management Lease Agreement for a portfolio of five retail properties in Cape Town, South Africa, with special provisions for marketing vacant units and managing on-site security staff, to commence from March 1, 2025."
1. Parties: Identification of the Property Owner, Property Manager, and their full legal details
2. Background: Context of the agreement including property management appointment and scope
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Appointment and Duration: Terms of the property manager's appointment and contract duration
5. Property Manager's Duties: Comprehensive list of property management responsibilities including tenant management, maintenance, and financial duties
6. Property Owner's Obligations: Responsibilities and obligations of the property owner
7. Fees and Commissions: Detailed breakdown of management fees, commission structures, and payment terms
8. Financial Management: Procedures for rent collection, operating expenses, and financial reporting
9. Maintenance and Repairs: Protocols for property maintenance, emergency repairs, and spending authorities
10. Insurance and Risk: Insurance requirements and risk allocation between parties
11. Termination: Conditions and procedures for contract termination
12. Dispute Resolution: Procedures for handling disputes between parties
13. General Provisions: Standard legal clauses including notices, governing law, and entire agreement
1. Multiple Property Management: Additional terms for managing multiple properties, used when the agreement covers more than one property
2. Body Corporate Interface: Specific provisions for sectional title properties, including interaction with body corporate
3. Marketing Services: Additional terms for marketing vacant properties, if this service is included
4. Development and Renovation: Special provisions for properties undergoing development or major renovations
5. Staff Management: Terms regarding on-site staff management if applicable
6. Special Powers of Attorney: Additional authority granted to property manager for specific circumstances
7. Green Building Management: Special provisions for managing environmentally certified buildings or implementing sustainability measures
1. Property Schedule: Detailed description of the managed property/properties including physical address and relevant certificates
2. Fee Schedule: Detailed breakdown of all fees, commissions, and charges
3. Maintenance Schedule: Planned maintenance schedule and procedures
4. Service Level Agreement: Detailed performance metrics and service standards
5. Emergency Procedures: Emergency contact details and response procedures
6. Delegated Authority Limits: Spending and decision-making authority limits
7. Required Reports: Templates and schedules for required property management reports
8. Insurance Requirements: Detailed insurance requirements and specifications
Authors
Approved Budget
Body Corporate
Business Day
Commencement Date
Common Areas
Common Property
Confidential Information
Consumer Protection Act
Effective Date
Emergency Repairs
Force Majeure
Gross Rental Income
Improvements
Initial Term
Lease Agreements
Management Fee
Management Services
Net Operating Income
Operating Expenses
Parties
PIE Act
Property
Property Manager
Property Owner
Property Portfolio
Rental Housing Act
Rental Income
Reserve Fund
Service Providers
Sectional Title
Service Level Requirements
Signature Date
Tenants
Term
Termination Date
Utilities
VAT
Working Capital
Duration
Management Services
Property Manager's Duties
Owner's Obligations
Fees and Commissions
Financial Management
Maintenance and Repairs
Tenant Management
Insurance
Indemnification
Liability
Confidentiality
Data Protection
Compliance
Health and Safety
Environmental
Force Majeure
Assignment
Subcontracting
Termination
Post-Termination
Dispute Resolution
Governing Law
Notices
Warranties
Relationship of Parties
Entire Agreement
Severability
Amendment
Waiver
Anti-Corruption
Authority
Counterparts
Real Estate
Property Management
Commercial Property
Residential Property
Mixed-Use Development
Retail Property
Industrial Property
Student Accommodation
Hospitality
Property Investment
Legal
Property Management
Operations
Asset Management
Facilities Management
Compliance
Real Estate
Administration
Finance
Maintenance
Property Manager
Asset Manager
Real Estate Manager
Facilities Manager
Operations Manager
Legal Counsel
Property Owner
Portfolio Manager
Real Estate Director
Compliance Officer
Property Administrator
Leasing Manager
Building Manager
Estate Manager
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