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Short Term Rental Management Agreement
"I need a Short Term Rental Management Agreement for my three-bedroom beachfront apartment in Cape Town, with a focus on luxury short-term rentals and premium guest services, including daily housekeeping and concierge services, starting from March 2025."
1. Parties: Identification of the Property Owner and the Property Management Company with full legal details
2. Background: Context of the agreement, including brief description of the property and purpose of the management arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Duration: Formal appointment of the management company and term of the agreement
5. Property Manager's Services: Detailed description of core services to be provided by the property manager
6. Property Owner's Obligations: Responsibilities and obligations of the property owner
7. Financial Terms: Management fees, commission structures, and payment terms
8. Operating Procedures: Standard procedures for tenant screening, bookings, and property maintenance
9. Trust Account Management: Procedures for handling rental income and security deposits
10. Insurance and Liability: Insurance requirements and liability limitations
11. Termination: Conditions and procedures for termination of the agreement
12. General Provisions: Standard legal clauses including notices, governing law, and dispute resolution
1. Marketing Services: Detailed marketing obligations if the manager is responsible for property promotion
2. Additional Services: Any extra services beyond standard management duties
3. Multiple Property Management: Special provisions when managing multiple properties for the same owner
4. Emergency Procedures: Specific procedures for handling emergencies if required
5. Reporting Requirements: Detailed reporting obligations if beyond standard financial reporting
6. Property Staff Management: If the manager is responsible for managing on-site staff
7. Short-Term Rental Platform Management: Specific provisions for managing listings on platforms like Airbnb
1. Property Details: Detailed description of the property, including inventory and condition report
2. Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
3. Service Level Agreement: Specific performance metrics and service standards
4. Maintenance Contractors: List of approved contractors and maintenance procedures
5. Property Rules: House rules and regulations for short-term tenants
6. Marketing Plan: Detailed marketing strategy and platforms to be used
7. Emergency Contacts: List of emergency contacts and procedures
8. Insurance Certificates: Copies of relevant insurance policies
Authors
Property
Property Owner
Property Manager
Management Services
Short-Term Rental
Booking Platform
Booking Period
Check-in Date
Check-out Date
Commission
Management Fee
Gross Rental Income
Net Rental Income
Operating Expenses
Maintenance Expenses
Emergency Maintenance
Routine Maintenance
Guest
House Rules
Inventory
Property Condition Report
Trust Account
Security Deposit
Booking Confirmation
Cancellation Policy
Force Majeure
Marketing Services
Occupancy Rate
Payment Processing Fee
Platform Commission
Property Listing
Rental Period
Service Level Standards
Term
Termination Date
Working Day
Writing
Effective Date
Commencement Date
Applicable Laws
Confidential Information
Personal Information
Property Practitioners Act
Rental Housing Act
Duration
Services
Authority
Property Manager Obligations
Property Owner Obligations
Commission and Fees
Payment Terms
Trust Account Management
Property Maintenance
Marketing and Advertising
Booking Management
Guest Relations
Financial Reporting
Insurance
Liability and Indemnification
Confidentiality
Data Protection
Intellectual Property
Regulatory Compliance
Force Majeure
Termination
Assignment
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Warranties and Representations
Health and Safety
Property Access
Emergency Procedures
Record Keeping
Non-Compete
Sub-Contracting
Real Estate
Property Management
Hospitality
Tourism
Short-Term Rental
Property Investment
Holiday Accommodation
Serviced Accommodation
Legal
Operations
Property Management
Compliance
Real Estate
Business Development
Contracts Administration
Finance
Guest Relations
Facilities Management
Property Manager
Real Estate Agent
Operations Manager
Property Owner
Legal Counsel
Compliance Officer
Short-Term Rental Manager
Asset Manager
Property Portfolio Manager
Hospitality Manager
Business Development Manager
Contract Administrator
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