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A Property Management Agreement outlines the legal relationship between property owners and professional managers in Austria. When you hire someone to handle your real estate, this contract spells out their duties - from collecting rent and maintaining the building to handling tenant issues and financial reporting under Austrian tenancy law.

The agreement sets clear boundaries for decision-making authority, management fees, and service scope under the Austrian Civil Code (ABGB). It protects both parties by detailing emergency procedures, insurance requirements, and termination terms. Most Austrian property managers require this formal agreement before taking on residential or commercial properties.

Use a Property Management Agreement when handing over control of your Austrian real estate to a professional manager. This becomes essential for apartment buildings, commercial properties, or any situation where you need expert help managing tenants, maintenance, and finances under Austrian law.

The timing is crucial - put this agreement in place before the manager starts work, especially when dealing with multiple units or complex properties. Many Austrian property owners create these agreements when expanding their portfolio, relocating abroad, or lacking the time and expertise to handle day-to-day property operations themselves.

• Commercial Property Management Agreement: For managing retail spaces, office buildings, and industrial properties. Includes specialized terms for business tenants, common area maintenance, and service charge calculations under Austrian commercial tenancy laws.
• Residential Property Management Agreement: Focuses on apartment buildings and houses, with provisions for tenant screening, rent collection, and compliance with Austrian residential rental regulations.
• Full-Service Management Agreement: Covers comprehensive property operations, including marketing, maintenance, financial reporting, and tenant relations.
• Limited-Scope Agreement: Handles specific aspects like maintenance or financial management only, suitable for owners who want to retain certain management duties.

• Property Owners: Individual investors, companies, or real estate trusts who delegate management of their Austrian properties while maintaining ownership rights and receiving regular reports.
• Property Management Companies: Licensed professionals who execute daily operations, handle tenant relations, and ensure compliance with Austrian property laws.
• Legal Advisors: Attorneys who draft and review Property Management Agreements to protect client interests and ensure compliance with Austrian Civil Code requirements.
• Tenants: While not direct parties to the agreement, they interact with property managers as authorized representatives of the owner.
• Service Providers: Maintenance contractors, accountants, and insurance companies who work under the manager's direction.

• Property Details: Gather complete information about the property, including address, size, facilities, and current condition documentation.
• Service Scope: List specific management duties, from rent collection to maintenance, clearly defining authority limits under Austrian law.
• Financial Terms: Determine management fees, operating budget, emergency fund requirements, and reporting schedules.
• Insurance Requirements: Document necessary coverage types and minimum amounts for both property and liability insurance.
• Contact Information: Compile complete details for all parties, including emergency contacts and preferred communication methods.
• Compliance Check: Our platform ensures your agreement meets all Austrian legal requirements while remaining clear and enforceable.

• Party Details: Full legal names, addresses, and business registration numbers of property owner and management company.
• Property Description: Exact address and details of managed property, including any specific areas excluded from management.
• Service Scope: Detailed outline of management duties, decision-making authority limits, and emergency procedures under Austrian law.
• Financial Terms: Management fees, payment schedules, expense handling, and reporting requirements aligned with Austrian accounting standards.
• Duration and Termination: Agreement length, renewal terms, and conditions for early termination.
• Data Protection: GDPR-compliant clauses for handling tenant and property information.
• Dispute Re����ֱ��: Austrian jurisdiction clause and agreed method for resolving conflicts.

A Property Management Agreement differs significantly from a Facilities Management Agreement in both scope and focus. While both involve managing physical assets, they serve distinct purposes under Austrian law.

• Scope of Authority: Property managers handle tenant relationships, rent collection, and property-specific decisions, while facilities managers focus purely on building maintenance and operations.
• Financial Responsibilities: Property managers collect rent, handle tenant deposits, and manage property-specific accounts. Facilities managers typically only manage maintenance budgets and operational costs.
• Facilities Management Agreement: Concentrates on maintaining building systems, cleaning, security, and technical operations without involvement in tenant or ownership matters.
• Legal Obligations: Property managers must comply with Austrian tenancy laws and can make binding decisions about the property. Facilities managers have limited legal authority and focus on technical compliance and safety regulations.