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Property Management Agreement Between Landlord And Agent for Australia

Property Management Agreement Between Landlord And Agent Template for Australia

A comprehensive legal agreement governed by Australian law that establishes the professional relationship between a property owner (landlord) and a property management agency. The agreement details the scope of property management services, including tenant management, maintenance coordination, financial administration, and reporting obligations. It complies with relevant Australian federal legislation and state-specific property management regulations, incorporating essential provisions for trust account management, agency obligations, and dispute resolution procedures.

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What is a Property Management Agreement Between Landlord And Agent?

The Property Management Agreement Between Landlord And Agent is a fundamental document used in the Australian property management industry to formalize the relationship between property owners and professional property managers. This agreement is essential when a property owner wishes to delegate the day-to-day management of their property to a licensed property management agency. The document complies with Australian federal and state-specific legislation, including the Property and Stock Agents Act and relevant Residential Tenancies Acts. It covers crucial aspects such as agent authority, service scope, fee structures, maintenance procedures, financial management, and reporting obligations. The agreement is designed to protect both parties' interests while ensuring transparent and professional property management services.

What sections should be included in a Property Management Agreement Between Landlord And Agent?

1. Parties: Identifies and provides full details of the property owner/landlord and the property management agency

2. Background: Establishes the context of the agreement, including the property owner's intention to appoint the agent to manage their property

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the landlord

5. Property Details: Specific details of the managed property, including address and any special features or conditions

6. Agent's Services and Obligations: Comprehensive list of services to be provided by the agent, including property marketing, tenant screening, rent collection, maintenance coordination, and reporting

7. Landlord's Obligations: Responsibilities of the landlord, including maintaining the property, insurance requirements, and providing necessary information to the agent

8. Fees and Charges: Detailed breakdown of management fees, commission structures, and additional service charges

9. Financial Management: Procedures for rent collection, trust account management, and financial reporting

10. Term and Termination: Duration of the agreement and conditions for termination by either party

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

12. Dispute Resolution: Procedures for handling disputes between the landlord and agent

13. General Provisions: Standard legal clauses including governing law, notices, and entire agreement provisions

What sections are optional to include in a Property Management Agreement Between Landlord And Agent?

1. Special Services: Additional services beyond standard property management, used when the agent offers premium or specialized services

2. Multiple Properties: Additional provisions for managing multiple properties, used when the landlord has a portfolio of properties

3. Strata Management Interface: Specific provisions for properties under strata title, defining interaction with strata management

4. Foreign Investment Provisions: Additional requirements for foreign property owners, used when the landlord is a foreign investor

5. Natural Disaster Procedures: Special procedures for managing the property during natural disasters, relevant in disaster-prone areas

6. Holiday Letting Provisions: Specific terms for properties used for short-term or holiday letting

7. Property Development Provisions: Terms relating to managing properties under development or renovation

What schedules should be included in a Property Management Agreement Between Landlord And Agent?

1. Schedule A - Property Details: Detailed description of the property, including fixtures, fittings, and specific maintenance requirements

2. Schedule B - Fee Schedule: Comprehensive breakdown of all fees, charges, and commission structures

3. Schedule C - Maintenance Authority Levels: Specified monetary limits for maintenance decisions and approval requirements

4. Schedule D - Reporting Requirements: Format and frequency of various reports to be provided to the landlord

5. Schedule E - Key Performance Indicators: Measurable performance standards for the property manager

6. Appendix 1 - Required Insurance Certificates: Copies of required insurance policies and certificates

7. Appendix 2 - Property Condition Report: Detailed report on the property's condition at the start of the management agreement

8. Appendix 3 - Emergency Contacts: List of emergency contacts and preferred contractors

Authors

Alex Denne

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

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions







































Clauses






































Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Asset Management

Professional Services

Property Investment

Rental Housing

Real Estate Investment

Relevant Teams

Legal

Property Management

Operations

Finance

Compliance

Administration

Asset Management

Facilities Management

Client Services

Accounts

Relevant Roles

Property Manager

Real Estate Agent

Property Management Director

Asset Manager

Leasing Manager

Operations Manager

Trust Account Manager

Property Management Administrator

Compliance Officer

Real Estate License Holder

Portfolio Manager

Facilities 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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