A Property Management Agreement is a contract between a property owner and the company or person hired to manage the property. This contract covers the responsibilities that a management company is taking on for the owner. The agreement may be customized to suit your needs.
Yes, most agreements allow you to have a say in tenant selection, but the management company often recommends the best candidates. They know the ropes!
Services often include rent collection, property maintenance, tenant screening, and handling emergencies. It’s like having someone take care of all the heavy lifting.
Yes, you can usually terminate it early, but there might be specific terms to follow, like giving notice in writing. It's best to read the fine print.
Usually, these agreements last for one year, but some can be shorter or longer. Think of it like a lease for management.
Look for clear terms on services, fees, and the responsibilities of both parties. It should be as clear as day, so there are no surprises later on.
A property management agreement is a contract between a property owner and a management company, outlining how the property will be managed. It's like a handshake that lays down the rules.