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Asset Management Agreement | Netsheria Service Agreements online in Kenya

Asset Management Agreement

KShs 3,800.00

An Asset Management Agreement is a formal contract between a property owner and a property management company, outlining the terms and conditions for managing the owner’s assets. This agreement specifies the rights and obligations of both parties, ensuring clarity and mutual understanding. Key components include the appointment of the asset manager, their duties, and the extent of their authority. It also details the management fees, reporting requirements, and maintenance responsibilities.

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The agreement typically covers aspects such as asset valuation, performance expectations, and the scope of services provided by the asset manager. It may include clauses on liability, indemnification, and dispute resolution to protect both parties’ interests. Additionally, the agreement defines the term of the contract and conditions for termination, ensuring a structured and professional relationship.
By clearly defining roles and responsibilities, an Asset Management Agreement helps in maximizing asset performance, minimizing risks, and optimizing costs. It serves as a crucial document for property owners seeking professional management services, providing a framework for effective and efficient asset management.

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