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Property management contracts usually last as long as the property is being rented. Standard leases range anywhere between 3-24 months for residential properties. However, after fixed-term tenancies, it's normal for tenants to go on month-to-month agreements, which can go on for many more months and years.
6 Key Parts of a Property Management AgreementServices and Fees. The first crucial part of your contract is an explanation of your property management services and fees.Responsibilities of the Property Owner.Equal Opportunity Housing.Liability.Contract Duration.Termination Clause.Bottom Line.
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 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.
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.