Property Management Agreement
Service contract appointing professional manager to handle rental property operations including tenant relations, maintenance, rent collection, and financial reporting for property owners.
Key Clauses
Whereas
Establishes property owner's need for professional management services and manager's qualifications.
Property Details
Identifies specific properties covered by management agreement and any excluded areas or services.
Appointment And Authority
Grants manager authority to act on owner's behalf for property operations.
Term
Specifies management agreement duration, renewal options, and termination procedures.
Manager
Defines manager's responsibilities, duties, and performance standards for property operations.
Owner
Establishes property owner's obligations, approvals required, and cooperation with management activities.
Use This Template
When You Need This
- Managing rental properties while living in different geographic location
- Lacking time or expertise to handle property management responsibilities
- Maximizing rental income through professional tenant screening and marketing
- Ensuring legal compliance with landlord-tenant laws and regulations