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The Property Management Contract Agreement is a crucial legal document used in Australian property management operations to formalize the relationship between property owners and professional property managers. This agreement is essential when property owners wish to delegate the day-to-day management of their real estate assets to a licensed property management company. It covers all aspects of property management including authority levels, service scope, fee structures, maintenance procedures, financial reporting, and compliance requirements. The document ensures compliance with Australian property legislation, including the Property Stock and Business Agents Act, Residential Tenancies Act, and relevant state-specific regulations. It is particularly important for protecting both parties' interests and establishing clear operational parameters for effective property management.

1. Parties: Identifies and provides full details of the property owner(s) and the property management company

2. Background: Outlines the context of the agreement, including the property owner's intention to engage the property manager

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpretation

4. Appointment and Term: Specifies the appointment of the property manager, scope of authority, and duration of the agreement

5. Property Manager's Services: Details the core property management services to be provided

6. Property Manager's Authority: Outlines the scope of decision-making power and financial authority granted to the property manager

7. Owner's Obligations: Lists the property owner's responsibilities and commitments

8. Fees and Expenses: Details all management fees, commission structures, and reimbursable expenses

9. Financial Management: Covers rent collection, trust account management, and financial reporting obligations

10. Maintenance and Repairs: Establishes procedures for property maintenance, repairs, and emergency responses

11. Insurance and Risk Management: Specifies required insurance coverage and risk management procedures

12. Compliance and Reporting: Outlines compliance obligations and reporting requirements

13. Termination: Details circumstances and procedures for ending the agreement

14. Dispute Resolution: Establishes processes for handling disagreements between parties

15. General Provisions: Includes standard legal clauses such as notices, assignment, and governing law