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Management Lease Agreement
"I need a Management Lease Agreement for a 50-story commercial building in Makati City, Philippines, where a Singapore-based property management company will take over operations from March 2025, with specific provisions for international fund transfers and foreign management compliance."
1. Parties: Identification of the Property Owner (Lessor) and Management Company (Lessee/Manager), including their complete legal names, addresses, and corporate details
2. Background: Context of the agreement, description of the property, and purpose of the management lease arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Grant of Lease and Management Rights: Specific rights granted to the management company, including both lease and management authority
5. Term and Renewal: Duration of the agreement, commencement date, and renewal provisions
6. Rent and Management Fees: Financial terms, including base rent, management fees, performance-based compensation, and payment terms
7. Management Company's Obligations: Detailed responsibilities including property maintenance, tenant management, financial reporting, and operational duties
8. Property Owner's Obligations: Responsibilities of the owner, including providing necessary documentation, insurance, and structural maintenance
9. Operating Expenses and Budgets: Allocation of expenses, budget approval process, and financial management procedures
10. Maintenance and Repairs: Responsibilities and procedures for property maintenance, repairs, and improvements
11. Insurance and Liability: Required insurance coverage, indemnification provisions, and allocation of risks
12. Default and Remedies: Events of default, cure periods, and available remedies for both parties
13. Termination: Grounds for termination, notice requirements, and post-termination obligations
14. Governing Law and Dispute Resolution: Applicable law and procedures for resolving disputes
1. Environmental Compliance: Required when the property has specific environmental considerations or requirements
2. Foreign Ownership Provisions: Necessary when either party is a foreign entity, addressing compliance with Philippine foreign ownership restrictions
3. Sub-leasing Rights: Include when the management company is granted rights to sub-lease the property
4. Development Rights: Required when the agreement includes property development or major renovation rights
5. Special Use Provisions: Necessary for properties with specific use restrictions or requirements (e.g., retail, industrial)
6. Force Majeure: Optional but recommended section detailing handling of unforeseen circumstances
7. Marketing and Branding: Include when specific marketing rights or branding requirements are part of the management scope
1. Schedule A - Property Description: Detailed description of the property, including legal description, boundaries, and included facilities
2. Schedule B - Inventory List: Comprehensive inventory of furniture, fixtures, and equipment included in the lease
3. Schedule C - Service Level Agreements: Detailed performance metrics and service standards for the management company
4. Schedule D - Fee Structure: Detailed breakdown of all fees, including management fees, performance bonuses, and expense allocations
5. Schedule E - Maintenance Schedule: Required maintenance activities and their frequency
6. Schedule F - Operating Procedures: Standard operating procedures for property management
7. Appendix 1 - Required Insurance: Detailed insurance requirements and minimum coverage levels
8. Appendix 2 - Reporting Templates: Standard formats for required financial and operational reports
9. Appendix 3 - Emergency Procedures: Emergency response protocols and contact information
Authors
Commercial Real Estate
Residential Real Estate
Retail
Hospitality
Industrial
Office Space Management
Mixed-Use Development
Shopping Centers
Healthcare Facilities
Educational Institutions
Legal
Real Estate
Operations
Finance
Compliance
Risk Management
Facilities Management
Asset Management
Property Services
Business Development
Leasing
Property Manager
Real Estate Director
Facilities Manager
Operations Manager
Legal Counsel
Chief Financial Officer
Asset Manager
Building Administrator
Compliance Officer
Risk Manager
Real Estate Investment Manager
Business Development Manager
Property Services Director
Leasing Manager
Regional Property Manager
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