FM8001 Commercial Property Management Agency Agreement

Commercial Property Management Agency Agreement

Schedule 1
1.Landlord
Landlord Name 1
Landlord Name 2
Primary Contact
Given Name
Surname
Email
Landlord Address

Street 1

Street 2

SuburbState

Postcode
ABN/ACN
Registered for GST?

YesNo
Telephone
Work
Telephone
Home
Telephone
Mobile
Telephone
Fax
2.Agent
Company Name / Legal Entity
Company Representative
Agent Address

Street 1

Street 2

SuburbState

Postcode
ABN/ACN
RLA No
Telephone
Work
Telephone
Home
Telephone
Mobile
Telephone
Fax
Email
ReadOnlySwitch

agentLegalEntityagentNameagentAbnAcnagentRlaNoagentWorkPhoneagentMobileNumberagentEmailagentAddress
3. The Property
Property Address

Street 1

Street 2

SuburbState

Postcode
Council Area
Zone
Certificate of Title Reference
Volume
Folio
Multiple titles
Refer Annexure for details of multiple titles
Strata/Community Title No
Strata/Community

N/A
Strata/Community Manager
Telephone
Work
Building Description

0/390
Refer Annexure
4. Term of Agency
A sole agency runs from the date of this Agreement until
DayMonthYear
5. Other Terms and Conditions
Not ApplicableRefer AnnexureAs described below
Outgoings
Land Tax (not if Retail Shop Lease)
amount($)
GST
amount($)
Council Rates
amount($)
Water/Sewer Rates
amount($)
Excess Water
amount($)
A/C Maintenance
amount($)
A/C Running Costs
amount($)
Security Costs
amount($)
L/scaping/gardening
amount($)
ESL
amount($)
Other outgoings [provide details]
0/430
Common area costs
Cleaning
amount($)
A/C Maintenance
amount($)
A/C Running
amount($)
Insurance
Building
amount($)
Public Liability
amount($)
Plate Glass
amount($)
Other Insurance [provide details]
0/430
Commercial Property Management Agency Agreement

Schedule 2 - Agent’s Management Obligations
1. General Management
Arranging, negotiating or calculating review of rent in leases relating to the PropertyArranging and negotiating with tenants of the Property regarding the exercise of rights of renewal or extensions of leases relating to the PropertyArranging and negotiating the letting of any portion of the PropertyNegotiation of assignments of leases relating to the PropertyArranging for the reinstatement of let portions of the PropertyOther general management tasks including
0/540
2. Financial Management
Not ApplicableRefer Annexure
3. Maintenance Management
Not ApplicableRefer AnnexureContact landlord unless in an emergencyAs described below
0/540
4. Capital Works
Not ApplicableRefer AnnexureAs described below
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
Fixed Fee of (below) including GST per annum / month and payable as follows
amount($)
0/390
including GST of the Gross Annual Income from the Property for the Term payable as follows
percentage(%)
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 $15,000.
Other formula
0/350
A minimum fee of (below) including GST per annum / month applies to this Schedule item and is payable as follows
amount($)
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
including GST of the new negotiated annual rent (excluding incentives granted to a tenant) to apply to the lease from the date that the reviewed rent is to apply
percentage(%)
Other formula
0/350
This fee is payable

On the date that the new negotiated annual rent is determined
Other date
DayMonthYear
Date
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
including GST of the Gross Annual Income as it relates to the particular lease for the renewed or extended term of the lease
percentage(%)
Other formula
0/350
This fee is payable

On the date that the renewal or extension of lease is agreedOther date
DayMonthYear
Date
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
In accordance with the Agent’s Commercial Property Leasing Agency Agreement Annexed to this Agreement
including GST of the Gross Annual Income as it applies to the particular lease.
percentage(%)
Other formula
0/350
This fee is payable

In accordance with the Agent’s Commercial Property Leasing Agency Agreement Annexed to this AgreementWhen a tenant enters into a lease (or similar agreement) for the occupation of the PropertyOther date
DayMonthYear
Date
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
Fixed Fee of (below) including GST
amount($)
Other formula
0/350
This fee is payable

On the date that the Landlord, assignor and assignee have all agreed in writing to the assignment of the lease to an assignee.Other date
DayMonthYear
Date
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
Fixed Fee of (below) including GST
amount($)
Other formula
0/230
This fee is payable

On the date that the reinstatement of the Property is completedOther date
MonthDayYear
Date
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
Fixed Fee of (below) includig GST
amount($)
including GST of the Capital Expenditure to complete the Capital Works
percentage(%)
including GST of the Capital Expenditure to complete the Capital Works on the Property
percentage(%)
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
Other formula
0/350
On the date that the capital works are startedOther date
DayMonthYear
Date
8. Other Fee
Not applicableOther
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
Not applicableThe following Service Contracts must be administered by the Agent
0/5350
uniqueSubmissionReference
Should be Empty:

Commercial Property Management Agency Agreement

1.Landlord

Primary Contact

2.Agent

3. The Property

Certificate of Title Reference

4. Term of Agency

5. Other Terms and Conditions

Outgoings

Commercial Property Management Agency Agreement

1. General Management

2. Financial Management

3. Maintenance Management

4. Capital Works

Commercial Property Management Agency Agreement

1. Management of Property

2. Rent Reviews

3. Exercise of Rights of Renewal and Extensions of Lease

4. Negotiation and Letting the Property

5. Negotiation of Assignments of Leases Relating to the Property

6. Reinstatement of Property

7. Capital Works to the Property

8. Other Fee

Commercial Property Management Agency Agreement

1. Out of Pocket Expenses

2. Other Expenses

Service Contracts