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 is a generic legal document in MS Word format, and is not specific to any country or region.