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Property Management Agreement

Property Management Agreement template defining terms and obligations for all parties

Property Management Agreement
Party 1 (Name / Company)
Party 1 Address
Party 2 (Name / Company)
Party 2 Address
Effective Date
Owner and manager identification
Property description
Management fee percentage
Leasing fee (new tenant placement)
Maintenance spending authority ($ limit without approval)
Tenant screening criteria
Rent collection and disbursement
Monthly owner statement
Reserve fund requirements
Insurance requirements
Duration / End Date
Signature
Signature

A comprehensive property management agreement defining rights and obligations.

Key Sections

  • Owner and manager identification
  • Property description
  • Management fee percentage
  • Leasing fee (new tenant placement)
  • Maintenance spending authority ($ limit without approval)
  • Tenant screening criteria
  • Rent collection and disbursement
  • Monthly owner statement
  • Reserve fund requirements
  • Insurance requirements
  • Manager duties enumerated
  • Owner responsibilities
  • Term and termination notice

Review with legal counsel before use.

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