Property Management Service Agreement

This Agreement is made and entered into on this , by and between:

NoRI Property Services Pvt. Ltd. (hereinafter referred to as the "Company"), having its office at

AND

Mr./Ms./Mrs. (hereinafter referred to as the "Client"), S/o, D/o, W/o residing at and legally competent to enter into this Agreement.

1. Property and Service Details

2. Company's Responsibilities and Authority

The Company shall provide the services specified in Section 1 with due diligence, professionalism, and in the Client's best interest. The Client hereby grants the Company non-exclusive authority to act as their agent for the agreed-upon scope of work, including but not limited to: managing tenants, coordinating vendors, collecting rent, and liaising with government bodies.

3. Client's Responsibilities and Warranties

a. The Client warrants that they are the sole legal owner of the property or possess the full, legal authority (e.g., Power of Attorney) to enter into this Agreement.

b. The Client shall provide the Company with all necessary, valid, and up-to-date documents (property papers, ID proofs, etc.) and information required to execute the services in a timely manner.

c. The Client agrees to make timely payments of the Company’s fees and all third-party expenses (government fees, material costs, utility bills, etc.).

4. Compensation and Fees

The Client agrees to pay the Company the following fees:

Note on Expenses: All third-party costs, taxes, material costs, utility bills, government fees, and other expenses incurred on behalf of the Client will be reimbursed by the Client against submission of valid bills/invoices. An Imprest Fund of may be required to cover immediate small expenses.

5. General Terms and Conditions

5.1 Termination: Either party may terminate this Agreement by providing days written notice. If the Client terminates a fixed-term contract early without the Company's fault, a penalty equivalent to months' management fee may be charged.

5.2 Indemnity and Limitation of Liability: The Client agrees to indemnify and hold the Company harmless against all losses, liabilities, claims, or expenses arising from the Client\'s breach of this Agreement or any fault inherent in the property. The Company shall not be liable for damages caused by circumstances beyond its reasonable control (e.g., natural disasters). The Company’s maximum liability for any loss shall not exceed the total management fees paid by the Client in the preceding six (6) months.

5.3 Governing Law and Dispute Resolution: This Agreement shall be governed by the laws of India. Any dispute arising under this Agreement shall be subject to the exclusive jurisdiction of the courts in Vijayawada, Andhra Pradesh.

6. Signatures

On behalf of NoRI Property Services Pvt. Ltd. (The Company)	The Client
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