This is a sample Property Management Agreement. A property management agreement is between a property owner and a manager that is hired to maintain the property. It is common for the manager to be paid a percentage (%) of the total revenue generated from the property plus fees for maintenance, leasing, and evicting tenants.
Yes, you'll usually need to provide access to the property, necessary documents, and a few details about the tenants. Think of it as giving your manager the keys to success!
Sure thing! But any changes should be agreed upon by both parties and written down. It’s like giving your agreement a little facelift.
If you decide to part ways, usually there's a termination clause that explains how to do that without stepping on any toes. Just make sure to read the fine print!
Most agreements have a set duration, like a one-year lease. But you can also choose to make it month-to-month if you prefer more flexibility.
You'll want to cover the basics—like rent collection, maintenance duties, and how to handle tenant issues. Think of it as the rulebook for your rental business.
Having a Property Management Agreement is like having a safety net. It protects both the property owner and the manager, clearly stating roles and responsibilities.
A Property Management Agreement is like a handshake on paper. It outlines how a property manager will take care of your rental property, including responsibilities and expectations.