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Managing Agent Contract Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Managing Agent Contract is essential when appointing a professional property management company in Singapore. It establishes the framework for property management services, including maintenance, financial management, and administrative duties. This contract type is particularly important in Singapore's context, where property management is heavily regulated under the Building Maintenance and Strata Management Act. The document typically includes detailed service specifications, performance metrics, fee structures, and compliance requirements specific to Singapore's property management industry.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

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

Relevant legal definitions




























Clauses































Industries

Building Maintenance and Strata Management Act (BMSMA): Primary legislation governing strata management, maintenance of strata developments, and the duties/responsibilities of managing agents in Singapore

Building Control Act: Regulates building works and construction standards to ensure building safety and accessibility requirements

Companies Act: Relevant for corporate governance and business operation requirements if the managing agent is a company

Contract Law (Amendment) Act: Governs the formation and enforcement of contracts in Singapore, including service agreements

Personal Data Protection Act (PDPA): Regulates the collection, use, and disclosure of personal data by organizations, crucial for handling resident information

Building Maintenance and Strata Management Regulations: Detailed regulations complementing the BMSMA, providing specific requirements for strata management

Building Maintenance (Strata Management) Regulations: Specific regulations regarding the maintenance and management of strata properties

Security and Service Providers Regulations: Governs security services and providers within managed properties

Employment Act: Main labor law governing employment terms and conditions for workers under the managing agent

Workplace Safety and Health Act: Ensures safety, health, and welfare of persons at work in the managed properties

Central Provident Fund Act: MaNDAtes CPF contributions for local employees under the managing agent

Employment of Foreign Manpower Act: Regulates the employment of foreign workers, including work pass requirements

Fire Safety Act: Stipulates fire safety requirements and measures for buildings

Environmental Public Health Act: Covers environmental health standards and requirements for managed properties

Town Councils Act: Relevant when managing properties that interface with town council managed areas

Estate Agents Act: May be relevant if the managing agent's scope includes property transactions

REDAS Guidelines: Professional guidelines from Real Estate Developers' Association of Singapore for property management

APFM Guidelines: Professional standards and guidelines from the Association of Property and Facility Managers

BCA Guidelines: Building and Construction Authority guidelines for building maintenance and management

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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