North Carolina Property Manager Agreement
Description
How to fill out North Carolina Property Manager Agreement?
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FAQ
A property management agreement is a contract between a property owner and the company or person hired to manage the property.A well-drafted agreement includes a clause about the type of insurance coverage a building owner must carry for the building.
The percentage collected will vary, but is traditionally between 8% and 12% of the gross monthly rent. Managers will often charge a lower percentage, between 4% and 7%, for properties with 10 units or more or for commercial properties, and a higher percentage, 10% or more, for smaller or residential properties.
Fees and services. The exact breakdown and total of all services and associated fees should be included in the property management contract. The responsibilities of the property owner. Equal opportunity housing. Liability. Contract duration. Termination clause.
Must North Carolina property management companies have a real estate broker's license? YES.If a property manager is going to lease, rent, or list, or offers to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.
