Owning a real estate portfolio is one thing; preserving and growing its value is another entirely. The profitability of your asset depends directly on its management. Entrusting your property to a professional manager is a transfer of fiduciary responsibility, and the foundation of this relationship—the management agreement—is the constitution for your investment. A vague, incomplete agreement is a gateway to financial chaos, inviting conflicts of interest, mismanagement of funds, asset devaluation, and endless disputes. Your source of passive income can become an active nightmare overnight. Legal Sandbox doesn’t create mere agreements; we engineer a robust legal framework of trust and accountability that protects the owner’s capital and gives the manager clarity to perform.
We draft detailed, strategic agreements that eliminate ambiguity. Our process begins by explicitly defining the manager’s scope of authority and duties, from leasing and maintenance to financial reporting. We then structure transparent financial terms and compensation models, establishing clear Key Performance Indicators (KPIs) to ensure the manager's incentives are perfectly aligned with the owner's goals. Finally, we allocate risk, set insurance requirements, and draft clear, fair termination clauses for both parties, ensuring full compliance with Georgian law.
Ultimately, an asset management agreement engineered by Legal Sandbox is the instrument that protects your investment and maximizes its potential. It transforms property management from a chaotic process into an orderly, predictable, and transparent system, giving the owner confidence that their portfolio is in trustworthy hands.