Long form property management agreement
Long form property management agreement

The following Property precedent provides comprehensive and up to date legal information covering:

  • Long form property management agreement
  • background
  • 1 Definitions and Interpretation
  • 2 Appointment
  • 3 Property Manager’s duty of care
  • 4 Property Manager’s general obligations
  • 5 Authority of the Property Manager
  • 6 Fee
  • 7 Additional Services
  • 8 Insurance
  • More...

dated [date]

parties

  1. 1

    [name of the Company] [of OR incorporated in England and Wales with Company registration number [number] whose registered office is at OR [address] (the Company)

  1. 2

    [name of the Property Manager] of OR incorporated in England and Wales with Company registration number [number] whose registered office is at ] [address] (the Property Manager)

background

    1. (A)

      The Company wishes to appoint the Property Manager to carry out the Services under the terms and conditions of this Agreement in return for the payment of the fees subject to the provisions of this Agreement.

    1. (B)

      The Services must be performed by the Property Manager during the Term.

The parties agree:

    1. 1

      Definitions and Interpretation

      1. 1.1

        Definitions

        In this Agreement the following definitions apply:

        Additional Services

        1. any and all additional services which the Company may instruct the Property Manager to perform pursuant to clause 7;

        Bribery Laws

        1. the Bribery Act 2010 [and all other applicable UK legislation, regulations and codes in relation to bribery or corruption ][and any similar or equivalent legislation in any other relevant jurisdiction] [including [specify]];

        CDM Regulations

        1. the Construction (Design and Management) Regulations 2015, SI 2015/51;

        Change of Control

        1. in relation to the Property Manager, where Control is no longer vested in those people or entities in which it is vested today;

        Company’s Account

        1. the account for the receipt and payment of all monies belonging to the Company to be

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