PROPERTY MANAGEMENT AGREEMENT

PROPERTY MANAGEMENT AGREEMENT

BETWEEN

PROPERTY AIR MANAGEMENT, INC.

AND

“CLIENT”

PROPERTY MANAGEMENT AGREEMENT

This Contract is entered into this _________ day of _______________ 20___, by and between, Property AIR Management, Inc (“Property Manager”) and _______________________________, “Client” for the property located at ______________________________, (“Property”).

  1. TERM.
  2. The term of the Contract shall be for a period of one year.
  3. After the expiry period of the contract, it is open for renewal and/or extension.
  4. FEES.
  5. The Client will pay the property management a fee for its services as follows; –
    1. _____________________
    1. _________________
  6. AGENCY APPOINTMENT.
  7. The property manager shall be considered an agent of the client, given full authority to perform necessary action for the smooth running of the Airbnb business.
  8. SCOPE OF PROPERTY MANAGEMENT.
  9. The property management will offer the following services to the client in consideration of the fees paid; –
  10. Operate and control the property.
  11. Operate and control the property’s listings and calendars
  12. Provide upscale guest service experience.
  13. Ensure all guest/room amenities and supplies are replenished and replaced on time.
  14. Coordinate and oversee repair services.
  15. Ensure property bills are settled on a time to avoid interruption
  16. Supervise the cleansers and any other staff members.
  17. Maintain communication with guests for their needs.
  18. INDEMNITY CLAUSE.
  19. The Client hereby agrees to indemnify the property manager from any claims, including those of third parties, arising out of or in any way related to the Property or the items of personal property provided therein.  
  20. TERMINATION.

Either party can terminate this agreement by issuing the other party with thirty days’ written notice.

In case of early termination by the client, the client shall be liable for all fees the property manager would have accumulated up to the date of termination.

The property manager reserves the right to terminate this contract when the client fails to make payments and fails to follow the policy and procedures.

  • Force Majeure.
  • For this agreement, “Force Majeure” means an event which a diligent party could not have reasonably avoided in the circumstances, which is beyond the control of a party and includes, but is not limited to, war, riots, civil disorder, earthquake, storm, flood or adverse weather conditions, strikes, lockouts or other industrial action, terrorist acts, confiscation or any other action by government agencies.
  • A Party’s failure to fulfill its obligations due to Force Majeure shall not be considered a breach of this contract, provided that the party has taken all reasonable precautions, due care, reasonable alternative measures, and minimal delay all to carry out the terms of this contract.
  • NO WAIVER.
  • Failure by either party to enforce any of the terms or conditions of this agreement shall not be a waiver of their right to enforce the terms and conditions of this contract.
  • SEVERABILITY.
  • The provisions of this contract are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision.
  • ENTIRE CONTRACT.
  • This contract constitutes the entire contract between the parties. It supersedes all prior oral or written agreements or understandings between the parties concerning the subject matter of this contract. Save as may otherwise be provided in this contract, the terms and conditions set out are the only terms the property manager is prepared to deal with the client.
  • DISPUTE RESOLUTION MECHANISM.
  • Any dispute, controversy, or claim arising out of or relating to this Contract or the interpretation, breach, or validity thereof shall primarily be resolved through negotiation between the parties.
  • If resolution cannot be obtained, the dispute shall be taken to arbitration which shall be organized in accordance with the rules of the State of Georgia. 
  • GOVERNING LAW.
  • This contract shall be governed by and according to the laws of the State of Georgia.

IN WITNESS WHEREOF, each of the Parties has executed this Contract, as of the day and year set forth below.

Signed by the PROPERTY MANAGER; – Signature: …………………………………. Name: ……………………………………… Date: ……………………………………… Signed by the CLIENT; – Signature:  Name:  Date: ……………………………………….  

 

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