Exclusive Property Management Agreement (Genie AI)

The Exclusive Property Management Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions for a property owner to engage the services of a professional property management company, specifically powered by Genie AI technology. This agreement sets forth the exclusive nature of the arrangement, meaning that the property owner agrees not to engage any other property management service during the term of the agreement.

The template covers various important aspects and responsibilities between the property owner and the property management company. It includes provisions related to the scope of services provided, such as marketing the property, screening and selecting tenants, executing lease agreements, collecting rents, managing property maintenance and repairs, and accounting and financial reporting.

Additionally, the agreement may address issues like fees and compensation payable to the property management company, termination and renewal provisions, obligations related to compliance with local laws and regulations, insurance requirements, dispute resolution mechanisms, and any specific clauses pertaining to Genie AI's proprietary technology or use of data.

The Exclusive Property Management Agreement aims to establish a mutually beneficial relationship between the property owner and the property management company, ensuring efficient and effective management of the property while providing peace of mind for the owner.