Boston Massachusetts Property Management Package

State:
Massachusetts
City:
Boston
Control #:
MA-P114-PKG
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This Property Management Package contains the essential forms to assist you in leasing your premises, complying with legal requirements, and keeping relations with your tenants amicable. State-specific forms are included.


The following forms are included in this package:


1. Landlord Tenant Closing Statement to Reconcile Security Deposit


2. Residential Rental Lease Application


3. Residential Rental Lease Agreement


4. Commercial Building or Space Lease


5. Security Deposit Agreement


6. Inventory and Condition of Leased Premises for Pre-Lease and Post-Lease


7. Agreement to Lease Commercial Property with Option to Purchase at End of Lease Term - Rent to Own - Real Estate Rental


8. Lease or Rental Agreement of Residential Property with Option to Purchase and Own Property - Lease or Rent to Own


9. Property Manager Agreement


Purchase of this package is a savings of almost 60% off over purchase of the forms individually!

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FAQ

If the negotiation of lease terms or the drafting and signing of leases for another is involved, licensure is required. A property manager who signs or negotiates leases on behalf of a property owner must either be a licensed broker or be a licensed salesperson associated with a brokerage firm.

Property managers in New Jersey are not specifically required to be licensed?although many of them do get accredited through organizations like the Institute of Real Estate Management, or IREM, and the New Jersey chapter of the Community Associations Institute (CAI-NJ).

Typical Fee Agreement As a baseline, expect to pay a typical residential property management firm between 8 ? 12% of the monthly rental value of the property, plus expenses.

There is no licensing requirement for landlords in the Commonwealth of Massachusetts, but there are a number of rules and regulations that would-be landlords need to adhere to in order to prevent penalties from enforcement agencies or through tenant action.

As a result of a couple of Attorney General opinions, property managers ? whether they are engaged in managing hundreds of units, a single unit, or a homeowner's association (HOA) -- do not need a state occupational license.

There is currently no overarching statutory regulation of private sector letting or managing agents in England.

In Massachusetts, according to NARPM, a license is not required to offer property management services. That makes proper vetting very important. Ensure the company has experience, references, a website that clearly defines their services, and preferably a manager who is a licensed Realtor in Massachusetts.

In Massachusetts, a landlord cannot require a tenant to pay an additional monthly fee for amenities on the property, like private parking, a pool, or workout room, but may restrict access to these amenities to only those who agree to pay.

Those aspiring to become property managers in NSW, must apply for a certificate of registration to work as an assistant real estate agent by completing a Certificate IV in Property Services (Real Estate). Next, you need to obtain a property manager license NSW to legally work as a real estate agent.

Property managers in Virginia must hold a real estate license if they're going to do things like show property, collect rent, and process lease applications.

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Boston Massachusetts Property Management Package