Property Management Agreement for Condo Investment Pool

Use this template to prepare a Property Management Agreement between a strata corporation and a condominium property management company, to provide for the maintenance, management and administration of the common property of the strata plan condominium project. Provisions of the agreement include:

• The manager will be paid a monthly fixed fee.
• The manager's duties include preparation of annual budgets, procuring contracts, arranging for repairs, collection of assessments from owners, commencing legal action for non-payment, paying contractors and suppliers, supervising contractors.
• The manager will attend all regular meetings of the strata corporation and the strata council.
• The corporation will provide the management with reasonable access to the common property at all times.
• The corporation indemnifies the manager against claims and damages arising in connection with its duties under the agreement, save for instances of gross negligence or willful misconduct.

This generic Property Management Agreement for Condo Investment Pool is available as a downloadable Microsoft Word file.