Employer hires a property manager as an independent contractor to perform property management functions as specified in the Agreement. Contract includes a confidentiality clause.
Hawaii Property Manager Agreement - Self-Employed Independent Contractor
State:
Multi-State
Control #:
US-INDC-195
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Word;
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How to fill out Hawaii Property Manager Agreement - Self-Employed Independent Contractor?
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FAQ
Your Hawaii property manager must possess a real estate to sell, buy, lease, or manage real property. You may need an additional local person to collect taxes. This property manager/realtor must be familiar with the various laws and rules that govern managing real property in Hawaii.
Furthermore, if you do not live in Hawaii, you will need to retain a property manager, since Hawaii law requires landlords who do not reside in Hawaii (or who reside on a different island than their rental property) to hire a property manager on the same island as the property.
The management agreement creates a general agency relationship between an owner and the property manager. Unlike real estate brokers' commissions, property management fees may be standardized by local associations.
In the State of Hawaii, a real estate license is required to sell, buy, lease, and manage real property.
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.
Owners like to have a short contract, so they can get someone else if they are not satisfied. Conversely, managers like a longer term so that the difficult start-up work will pay off over time. One year is usually the minimum period. These duties should be clearly and precisely spelled out.
How much do property managers charge in Hawaii? Property management fees can range from 25 to 35% of the gross monthly rent depending on the location of your home and the current market.
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.
Furthermore, if you do not live in Hawaii, you will need to retain a property manager, since Hawaii law requires landlords who do not reside in Hawaii (or who reside on a different island than their rental property) to hire a property manager on the same island as the property.
Application: Within two years of passing the salesperson's exam, submit a complete application for licensure. Education: Satisfy the prelicensing education requirement. Examination: Pass the broker's license examination.
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