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Full-service property management generally includes the following services: rent collection, payment of bills, evictions, tenant screening, advertising vacant units, ongoing maintenance to building exterior and landscaping, and drawing up tenancy or lease agreements.
The contract must clearly identify the parties involved and the functions that are being transferred to the management company. This includes the outline of the rules and responsibilities both parties have and the extent which either party can influence the operational functions once the contract starts.
The purpose of a property management agreement is to create a legal document that is enforceable by the law that outlines the rights and obligations of the landlord and property management company.
All responsibilities and tasks related to taking care of tenant needs and requests, as well as the maintenance of a property, are the main duties owners mandate from management teams in a standard contract.
Full-service property management generally includes the following services: rent collection, payment of bills, evictions, tenant screening, advertising vacant units, ongoing maintenance to building exterior and landscaping, and drawing up tenancy or lease agreements.