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Property Management Agreement

Also known as: Residential Management Agreement, Agent Management Agreement, Commercial Management Agreement.

Property Management Agreement

Use a Property Management Agreement business form for real estate landlord or building Owner to employ the services of the Manager to manage, operate, control, rent and lease the defined property.

Property Management Agreement/partial sample

This Agreement is made and entered in this _____ day of __________, 20____, between __________, hereinafter called "Owner", and __________, hereinafter called "Manager".
Owner hereby employs the services of the Manager to manage, operate, control, rent and lease the following property: [Description of Property]

Responsibilities of Manager

The Owner hereby appoints Manager as his lawful agent and attorney-in fact with full authority to do any and all lawful things necessary for the fulfillment of this Agreement, including the following: ...

All Provisions of the Property Management Agreement

Topics covered include:

Agency
Duties of the Agent
Compensation of the Agent
Duties of the Owner
Indemnity
Term of Contract
Termination of Contract
Notices
Who is Bound

Before you sign the Property Management Agreement ask your Managing Agent.....

Are they familiar with the rental market for your area?
What do they do for tenant screening?
How much does their maintenance company charge for maintenance?

Save yourself time, expense, and headache by thoroughly checking your agreement in advance!

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