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Managing Agent Contract
"I need a Managing Agent Contract for a 50-unit residential complex in Singapore, with specific provisions for security services and a dedicated on-site property manager, starting from March 2025."
1. Parties: Identification of the property owner/management corporation and managing agent
2. Background: Context of the appointment and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Appointment and Term: Scope of appointment and duration of services
5. Duties and Responsibilities: Detailed description of managing agent's obligations
6. Fees and Payment Terms: Compensation structure and payment schedule
7. Standard of Performance: Expected service levels and quality metrics
8. Termination: Conditions for contract termination
1. Performance Bonds: Security deposits and guarantees - recommended for high-value contracts or when required by property owner
2. Insurance Requirements: Specific insurance coverage requirements - recommended when managing agent needs to maintain specific insurance policies
3. Staff Requirements: Specific staffing levels and qualifications - recommended for larger properties requiring dedicated staff
1. Schedule of Properties: Details of managed properties and facilities
2. Schedule of Fees: Detailed breakdown of management fees and charges
3. Service Level Agreement: Specific performance metrics and standards
4. Staff Organization Chart: Proposed staffing structure and reporting lines
5. Emergency Procedures: Standard operating procedures for emergencies
6. Maintenance Schedule: Planned maintenance activities and frequencies
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