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PLAYBOOK TEMPLATES
Property Management Agreement
A Property Management Agreement sets the terms under which an agent manages real estate on behalf of an owner. This playbook outlines duties of care, indemnification, and compensation structures.
Maintenance and Repairs
Negotiation strategy
Negotiate to limit responsibility to non-structural repairs and ensure timely response from the landlord for structural issues.
Ensure tenant is responsible for interior maintenance while retaining responsibility for structural components to maintain property value.
Essential elements
1
Tenant's Maintenance Obligations
Interior upkeep and non-structural repairs.
2
Landlord's Maintenance Obligations
Structural repairs and capital expenditures.
3
Timely Repairs
Prompt response to repair needs.
Action framework
ACCEPT
Propose edits if tenant's obligations extend to structural repairs.
EDIT
Reject clauses that unfairly burden tenant with capital expenditures.
ADD
Add language specifying landlord's responsibility for structural repairs.
PRO TIP
Ensure clear timelines for repair responsibilities to avoid disputes.
Real-world examples
FAVORABLE
Balanced Maintenance Clause
"The Tenant shall maintain the interior of the Premises, while the Landlord shall handle all structural and capital repairs."
NEUTRAL
Standard Maintenance Clause
"Both parties shall perform their respective maintenance obligations in a timely manner."
UNFAVORABLE
Unbalanced Maintenance Clause
"The Tenant shall be responsible for all repairs, including structural and capital improvements."
Alternative scenarios & positions
High-Risk Projects
In high-risk projects, ensure tenant's liability is limited to prevent excessive financial burden.
Short-Term Leases
For short-term leases, negotiate minimal tenant repair obligations to align with lease duration.
Custom Tenant Fit-Outs
If tenant-specific alterations are made, clarify responsibility for related repairs and maintenance.
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WEEK 3
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WEEK 4
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