• Commercial Property Management Agency Agreement

    Schedule 1
    Commercial Property Management Agency Agreement
  • 1.Landlord

  • Primary Contact

  • 2.Agent

  • 3. The Property

  • Certificate of Title Reference

  • Refer Annexure for details of multiple titles

  • 0/390
  • 4. Term of Agency

  • A  sole agency runs from the date of this Agreement until

  •  / /
  • 5. Other Terms and Conditions

  • Outgoings

  •  
  • 0/430
  • Common area costs

  • Insurance

  • 0/430
  • Commercial Property Management Agency Agreement

    Schedule 2 - Agent’s Management Obligations
  • 1. General Management

  • 0/540
  • 2. Financial Management

  • 3. Maintenance Management

  • 0/540
  • 4. Capital Works

  • 0/540
  • Commercial Property Management Agency Agreement

    Schedule 3 - Professional Fee
  • 1. Management of Property

  • The Agent charges a fee for managing the Property, calculated in the following manner

  • 0/390
  • 0/390
  • For the purposes of this Agreement, "Gross Annual Income" means the total potential income from the Property averaged over the Term and determinable on the date of this Agreement. It includes

    • the rent payable (including fixed rent reviews)
    • any other amount payable of or in addition to the rent; that is, any Property outgoings, including statutory charges such as Land Tax, Goods and Services Tax, Emergency Services Levy, Council Rates, Water Rates etc, (Expenses) payable by a tenant under   the Lease
    • the value of any discount or inducement to lease
    • additional payments by the Landlord for fitouts, fixtures, fittings, furniture etc
    • additional charges to a tenant for naming rights and car parking
    • any other payment required to be made by a tenant under a lease
    • any other form of income directly or indirectly attributable to the Property.

     

  • The calculation of the Gross Annual Income does not include a deduction attributable to a rent reduction or other incentive to lease.
    For example

    • if the rental income from a lease is $10,000 per annum subject to a rent discount of $2,000, then the relevant amount for the purpose of calculating the Gross  Annual Income is $10,000;
    • if the rental income from the lease is $10,000 per annum but the Landlord provides a $5,000 fitout as incentive to lease, then the  the relevant amount for the purpose of calculating the Gross Annual Income is $15,000.
  • 0/350
  • 0/390
  • 2. Rent Reviews

  • The Agent charges a fee for conducting rent reviews in relation to leases of the Property, calculated in the following manner

  • 0/350
  •  - -
  • 3. Exercise of Rights of Renewal and Extensions of Lease

  • The Agent charges a fee for negotiating and arranging for the renewal or extension of a lease in relation to the Property, calculated in the following way

  • 0/350
  •  - -
  • 4. Negotiation and Letting the Property

  • The Agent charges a fee (in addition to the fee in Item 1 of Schedule 3) for the negotiation and letting of the Property, calculated in the following manner

  • 0/350
  •  - -
  • 5. Negotiation of Assignments of Leases Relating to the Property

  • The Agent charges a fee for the negotiation of assignments of existing leases in relation to the Property, calculated in the following manner

  • 0/350
  •  - -
  • 6. Reinstatement of Property

  • The Agent charges a fee for arranging and negotiating the reinstatement of the Property at the expiration or earlier determination of a lease of the Property, calculated in the following manner

  • 0/230
  •  - -
  • 7. Capital Works to the Property

  • The Agent charges a fee for arranging and negotiating the undertaking of capital works to the Property, calculated in the following manner

  • For the purposes of this Schedule item, "Capital Expenditure" means the total expenditure by the Landlord on all work to the Property of a capital nature. It includes:

    • costs and disbursements of the Landlord’s professional advisers (for example, architects and engineers)
    • the costs of variations to the Capital Works
  • 0/350
  •  - -
  • 8. Other Fee

  • 0/390
  • Commercial Property Management Agency Agreement

    Schedule 4 - Expenses
  • 1. Out of Pocket Expenses

  • All out of pocket expenses incurred by the Agent relating to the Agent’s Management Obligations including but not limited to

  • 0/2550
  • 2. Other Expenses

  • 0/2550
  • Service Contracts

  • 0/5350
  • Should be Empty: