The Residential Property Management Contract is essential for property owners seeking professional management services for their residential properties in Indonesia. This document is particularly relevant in urban areas where professional property management is increasingly important for maintaining property values and ensuring compliance with local regulations. It is structured to comply with Indonesian property laws, including the Civil Code (KUH Perdata), Law No. 20 of 2011 on Apartments, and relevant local building regulations. The contract typically includes comprehensive provisions for property maintenance, financial management, reporting requirements, and service standards. It is commonly used for apartment buildings, residential complexes, and individual high-value properties where professional management is required. The document serves as a crucial tool for establishing clear responsibilities, service expectations, and accountability measures between property owners and management companies.
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1. Parties: Identification of the property owner and the property management company, including full legal names, addresses, and registration details
2. Background: Context of the agreement, including property details and purpose of engaging property management services
3. Definitions: 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. Scope of Services: Detailed description of property management services to be provided
6. Manager's Obligations: Specific duties and responsibilities of the property manager
7. Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Payment Terms: Management fees, payment schedule, and other financial arrangements
9. Maintenance and Repairs: Procedures for property maintenance, repair authorizations, and emergency repairs
10. Financial Reporting: Requirements for financial reports, accounting procedures, and documentation
11. Insurance Requirements: Insurance obligations for both parties
12. Termination: Conditions and procedures for termination of the agreement
13. Dispute Resolution: Procedures for handling disputes between parties
14. Governing Law: Specification of Indonesian law as governing law and jurisdiction
15. General Provisions: Standard contract clauses including notices, amendments, and entire agreement
1. Staff Management: Details of on-site staff management if the property requires dedicated personnel
2. Marketing and Leasing: Include when the property manager is responsible for tenant acquisition and management
3. Utilities Management: Specific provisions for managing utility services and payments
4. Security Services: Details of security arrangements if required for the property
5. Common Area Management: For properties with shared facilities or common areas
6. Environmental Compliance: Specific environmental management requirements for properties with special environmental considerations
7. Asset Management: Additional provisions for long-term asset value preservation and enhancement
8. Emergency Procedures: Detailed emergency response procedures for high-risk or large properties
1. Property Details: Detailed description of the property including address, size, facilities, and condition report
2. Scope of Services Schedule: Detailed breakdown of all management services to be provided
3. Fee Schedule: Comprehensive breakdown of all fees, charges, and payment terms
4. Maintenance Schedule: Planned maintenance schedule and procedures
5. Key Performance Indicators: Metrics for evaluating property manager's performance
6. Emergency Contact List: List of emergency contacts and procedures
7. Insurance Requirements: Detailed insurance requirements and coverage specifications
8. Required Reports and Forms: Templates and examples of required reporting documents
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