This Service Agreement (also known as a Service Contract) provides for the individual units (such as office suites or industrial units) within the property to be let on leases or licence to occupy and for the whole property to be managed by the Management Company for the term of the Agreement. The Agreement sets out in detail the rights and obligations of each party. It includes clauses dealing with key issues such as insurance, liability and indemnity, financial record keeping, confidentiality and non-solicitation. The scope of the Management Company’s role is set out in Schedule 1. An example scope of work is included in the template but this should be reviewed carefully and amended as appropriate to suit the needs of the Management Company and to reflect the particular transaction. Fees and payment are covered in Schedule 2. There can be a monthly fee, ad hoc payments or a combination of the two. Schedule 3 contains the Owner’s obligations. The example wording should be reviewed and amended as necessary. Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document. This Property Management Service Agreement – Multi-Let Commercial Property contains the following clauses: 1. Definitions and Interpretation 2. Provision of the Services 3. Client’s Obligations 4. Fees, Payment and Records 5. Liability, Indemnity and Insurance 6. Confidentiality 7. Force Majeure 8. Term and Termination 9. Effects of Termination 10. No Waiver 11. Further Assurance 12. Costs 13. Set-Off 14. Assignment and Sub-Contracting 15. Time 16. Relationship of the Parties 17. Non-Solicitation 18. Third Party Rights 19. Notices 20. Entire Agreement 21. Counterparts 22. Severance 23. Dispute Resolution 24. Law and Jurisdiction And the following schedules: 1. Specification of Services 2. Fees and Payment 3. Client’s Obligations This template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.