Real Estate Property Maintenance Agreement
Real Estate Property Maintenance Agreement
Between:
[Your Company Name]
[Your Company Address]
[Your Company Number]
[Your Company Email]
And:
[Second Party]
[Second Party Address]
[Second Party Number]
[Second Party Email]
Date of Agreement: [Date]
Property Address: [Property Address]
Scope of Services
The Maintenance Service Provider agrees to provide the following maintenance services for the property located at the address mentioned above:
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Regular inspections to assess the condition of the property.
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Prompt repairs and maintenance of any issues identified during inspections, including but not limited to plumbing, electrical, HVAC, and structural repairs.
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Routine landscaping and lawn maintenance.
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Cleaning services for common areas and exterior surfaces.
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Emergency response services to address urgent maintenance issues.
Duration
The start date for this agreement to commence shall be specified as [Date]. Once initiated, the said agreement is predicted to retain its validity and continue to remain in effect for a stipulated duration or period of [Duration]. This remains applicable and unaltered unless the agreement is brought to a premature termination or cessation prior to the estimated duration of [Duration]. The circumstances and conditions of such early termination would be regulated and managed in line with the provisions and guidelines that have been explicitly outlined within the content of this agreement.
Responsibilities
Property Owner/Landlord Responsibilities:
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Provide access to the property for maintenance activities during reasonable hours.
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Promptly inform the Maintenance Service Provider of any maintenance issues or concerns.
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Timely payment for services rendered in accordance with the agreed-upon payment terms.
Maintenance Service Provider Responsibilities:
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Perform maintenance tasks in a timely and professional manner.
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Adhere to safety regulations and industry standards while performing maintenance activities.
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Maintain accurate records of all maintenance activities and expenses.
Payment Terms
The Property Owner/Landlord agrees to pay the Maintenance Service Provider a fee of $[00] for the services rendered under this agreement. Payment shall be made [Payment Schedule], with the first payment due on [Date]. Additional costs incurred for materials or additional services shall be mutually agreed upon by both parties prior to commencement of work.
Performance Standards
The Maintenance Service Provider agrees to respond promptly to maintenance requests and complete all tasks with due diligence and attention to detail. All work shall be performed in accordance with industry best practices and local building codes.
Insurance and Liability
Both parties shall maintain appropriate insurance coverage for the duration of this agreement. The Property Owner/Landlord shall not be held liable for any damages or injuries arising from the Maintenance Service Provider's negligence or misconduct during the course of performing maintenance activities.
Indemnification
The Maintenance Service Provider agrees to indemnify and hold harmless the Property Owner/Landlord from any claims, damages, or liabilities arising from the Maintenance Service Provider's actions or omissions under this agreement.
Dispute Resolution
In the event that any disputes or disagreements should arise from this agreement, the agreed-upon resolution method will be either mediation or arbitration. This resolution will follow and be congruent with the laws specified within the jurisdiction that has been previously agreed upon and outlined in this agreement.
Termination
This agreement may be terminated by either party following the provision of a written notice to the other party within the stipulated notice period. If the situation arises where this agreement is terminated, both parties involved are obligated to promptly settle any pending payments or outstanding obligations.
Governing Law
The stipulations and provisions outlined within this agreement will be supervised, interpreted and understood according to the principles and statutes of legislation that are legally upheld within the jurisdiction of [State].
Signatures
The parties involved in this agreement express their acknowledgment and acceptance of the terms and conditions articulated in this Real Estate Property Maintenance Agreement by providing their signatures below. Furthermore, by doing so they also commit themselves to fulfill their respective obligations as detailed in this agreement and to strive to meet these responsibilities to the best of their ability.
[Your Company Name]
[Date]
[Second Party]
[Date]
