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1. Parties: Identification of the property owner (the Principal) and the letting agency (the Agent), including full legal names and addresses
2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the agency
3. Definitions: Definition of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the agency, exclusivity provisions, and duration of the agreement
5. Agency Services: Detailed description of core services to be provided by the agency
6. Agency Authority: Scope of agency's authority to act on behalf of the owner
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Commissions: Detailed fee structure, payment terms, and commission rates
9. Property Marketing: Agreement on marketing strategies and advertising approaches
10. Tenant Selection Process: Procedures for tenant screening and selection
11. Financial Management: Handling of rent collection, deposits, and financial reporting
12. Maintenance and Repairs: Procedures for property maintenance and handling repairs
13. Compliance and Insurance: Regulatory compliance requirements and insurance obligations
14. Termination: Conditions and procedures for terminating the agreement
15. Liability and Indemnification: Allocation of risks and responsibilities between parties
16. General Provisions: Standard legal clauses including notices, amendments, and governing law
1. Multiple Property Management: Additional terms for managing multiple properties, used when the owner has more than one property under management
2. Vacation Rental Services: Specific terms for short-term rental management, used for properties intended for vacation rentals
3. Property Development Services: Terms covering agency's role in property improvements or renovations, used when agency will manage property upgrades
4. International Owner Provisions: Special terms for non-resident property owners, including tax considerations
5. Furnished Property Terms: Additional terms for managing furnished properties, including inventory management
6. Commercial Property Terms: Specific provisions for commercial property management, used when property includes commercial units
7. Subcontracting Rights: Terms allowing agency to subcontract certain services, used for larger properties or specialized services
1. Schedule A - Property Details: Detailed description of the property, including address, features, and condition report
2. Schedule B - Fee Schedule: Comprehensive breakdown of all fees, charges, and commission structures
3. Schedule C - Service Level Agreement: Detailed scope of services and performance standards
4. Schedule D - Maintenance Contractors: List of approved contractors and maintenance service providers
5. Schedule E - Property Marketing Plan: Detailed marketing strategy and advertising plan
6. Appendix 1 - Required Property Documentation: List of required certificates, permits, and property documentation
7. Appendix 2 - Emergency Procedures: Procedures for handling emergency situations and authorized spending limits
8. Appendix 3 - Reporting Templates: Standard templates for financial and property management reporting
Real Estate
Property Management
Residential Services
Professional Services
Property Investment
Rental Housing
Property Development
Real Estate Investment
Legal
Property Management
Operations
Real Estate
Compliance
Business Development
Asset Management
Tenant Relations
Maintenance
Financial Services
Property Manager
Real Estate Agent
Letting Agent
Property Management Director
Real Estate Broker
Lease Administrator
Property Owner
Asset Manager
Portfolio Manager
Operations Manager
Legal Counsel
Compliance Officer
Property Management Coordinator
Business Development Manager
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