Property Management Service Agreement – Multi-Let Residential Property

This Property Management Service Agreement – Multi-Let Residential Property is designed for use by a Property Management Company managing a multi-let residential property (such as a block of flats)  let on assured tenancies on behalf of a property owner. 

Why Download This Template

 The Agreement sets out in detail the rights and obligations of each party, including:

• The rights and obligations of each party;
• Clauses dealing with key issues such as compliance, insurance, liability, indemnity, financial record keeping, confidentiality and non-solicitation;
• Schedule 1 details the Management Company's role, including letting and management and compliance and administrative services. The scope should be reviewed and tailored to suit the specific arrangement;
• Schedule 2 details the fees payable which can either be a monthly management fee, or one-off or ad hoc charges. These should be reviewed and amended as required; and
• Schedule 3 outlines the owner's responsibilities including compliance, co-operation and provision of necessary information. These should be reviewed and amended as required. 

When This Template Is Not Suitable

Other templates are available for the management of a single property. 

It is assumed that both the Management Company and the property Owner are acting in the course of a business. This document is not suitable for “business-to-consumer” transactions.

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

Property Management Service Agreement – Multi-Let Residential Property is part of Property. Just £38.50 + VAT provides unlimited downloads from Property for 1 year.