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Landlord And Property Manager Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Landlord And Property Manager Agreement

"I need a Landlord and Property Manager Agreement for my residential building in Riyadh, with standard property management services and a management fee of 5% of rental income, starting from January 2025."

Document background
The Landlord and Property Manager Agreement is essential for property owners in Saudi Arabia who wish to delegate the management of their real estate assets to professional property managers. This document is particularly relevant in the context of Saudi Arabia's growing real estate market and the increasing professionalization of property management services. It serves as a comprehensive legal framework that defines the scope of property management services, establishes clear lines of authority, and ensures compliance with both Saudi regulations and Shariah principles. The agreement typically includes detailed provisions for property maintenance, tenant management, financial reporting, and regulatory compliance, making it suitable for various types of properties from residential complexes to commercial buildings. Property owners should utilize this agreement when engaging professional management services to ensure clear documentation of responsibilities, protection of their interests, and compliance with local legal requirements.
Suggested Sections

1. Parties: Identification of the Landlord and the Property Manager, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a property management arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Appointment and Term: Formal appointment of the property manager, duration of the agreement, and renewal terms

5. Property Manager's Services: Comprehensive list of services to be provided by the property manager

6. Property Manager's Authority: Scope of the property manager's decision-making power and limitations

7. Financial Management: Rent collection, handling of funds, bank accounts, and financial reporting requirements

8. Fees and Compensation: Management fees, payment terms, and reimbursement of expenses

9. Landlord's Obligations: Responsibilities and obligations of the landlord, including provision of necessary documentation and funds

10. Reporting Requirements: Regular reports required from the property manager, including financial statements and property status updates

11. Insurance and Liability: Insurance requirements and allocation of liability between parties

12. Termination: Grounds for termination, notice requirements, and post-termination obligations

13. Dispute Resolution: Process for resolving disputes, including reference to Shariah courts if necessary

14. Governing Law: Specification of Saudi law and Shariah principles as governing law

15. General Provisions: Standard clauses including notices, amendments, assignment, and severability

Optional Sections

1. Multiple Properties Management: Additional provisions when the property manager is managing multiple properties for the landlord

2. Maintenance Staff: Specific provisions regarding employment and management of maintenance staff when the property requires dedicated personnel

3. Marketing Services: Additional provisions for marketing vacant units when this service is included

4. Security Services: Provisions for security services if required for the property

5. Emergency Response: Specific procedures for emergency situations if the property requires special attention

6. Special Facilities Management: Additional provisions for managing special facilities like swimming pools, gymnasiums, or communal areas

7. Foreign Ownership Compliance: Special provisions when either party is a foreign entity

8. Religious Facilities: Special provisions for managing prayer rooms or other religious facilities if present in the property

Suggested Schedules

1. Property Schedule: Detailed description of the property/properties including address, size, facilities, and current condition

2. Services Schedule: Detailed breakdown of all management services to be provided

3. Fee Schedule: Detailed breakdown of all fees, charges, and payment terms

4. Maintenance Schedule: Regular maintenance requirements and schedules

5. Financial Authority Limits: Detailed breakdown of spending authority limits for different types of expenses

6. Required Reports: Templates and examples of required regular reports

7. Key Performance Indicators: Metrics for measuring the property manager's performance

8. Emergency Contacts: List of emergency contacts and procedures

9. Handover Checklist: Detailed list of items to be handed over at the start of the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















































Clauses











































Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Retail Property

Facilities Management

Real Estate Investment

Property Development

Asset Management

Building Management

Relevant Teams

Real Estate Operations

Property Management

Facilities Management

Legal

Compliance

Finance

Asset Management

Maintenance

Leasing

Risk Management

Property Operations

Contract Administration

Real Estate Investment

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Asset Manager

Real Estate Investment Manager

Property Operations Manager

Building Manager

Real Estate Director

Leasing Manager

Property Maintenance Manager

Real Estate Legal Counsel

Property Portfolio Manager

Real Estate Operations Director

Compliance Officer

Finance Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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