Property Management Agreement
Agreement between a property owner and management company, authorizing the manager to handle day-to-day operations including tenant relations, maintenance, and rent collection.
Instructions
Define the scope of management authority including tenant screening, lease execution, rent collection, maintenance coordination, and financial reporting. Specify the management fee (typically 8-12% of gross rents). Address insurance requirements, reserve fund maintenance, and spending limits requiring owner approval. Include termination provisions with 30-60 day notice.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.