|
| |
Free
Property Management Agreement Form
- Sample and Template PART 1
Looking for
a property management agreement template? Whether you
are a property manager or a landlord who is hiring one, our free
property management agreement sample will help you save both time and
money.
Before Using Our
Property Manager Agreement Form, You Must Know These Facts
You should
pay extra attention to the following details when editing our agreement
for your own use:
Responsibilities
of Manager - If your property manager is not
responsible for a certain task such as advertising for new tenants, you
should remove the relevant clause from your agreement. On the other
hand, if your property manager is
in charge of additional duties that are not listed below, you should
add it in.
If
you are
hiring a property manager to run your rental properties, we highly
recommend that you Click
here for our guide
on choosing and hiring a property manager.
OR
if you are a property manager, then Click here for our
complete property management career guide.
* While we make
every effort to ensure that our forms are helpful, you must edit them
according to your personal needs and local landlord tenant laws. Always
seek legal advice when in doubt.
Property
Management Agreement - First Page
This Agreement is made and entered into this date of
____________________ between
____________________ (Owner)
and ____________________ (Manager).
Owner employs the
services of Manager to manage, operate, control, rent and lease the
following property:
_________________________________________________________________________
Responsibilities
of Manager.
Owner hereby appoints Manager as his lawful agent and attorney-in-fact
with full authority to do any and all lawful things necessary for the
fulfillment of this Agreement, including the following:
A. Collection and
Disbursement.
Manager agrees to collect all rents as they become due; to render to
Owner a monthly accounting of rents received and expenses paid; and to
remit to Owner all income, less any sums paid out. Manager agrees to
collect the rents from the tenant and to disburse funds by ordinary
mail or as instructed by the Owner on or before the 10th day of the
current month, provided, however, that the rent has been received from
the tenant.
B. Maintenance and Labor.
Manager agrees to decorate, to maintain, and to repair the property and
to hire and to supervise all employees and other needed labor.
C. Advertisement and
Legal Proceedings.
Manager agrees to advertise for tenants, screen tenants and select
tenants of suitable credit worthiness. Manager will set rents that in
the opinion of the Manager at the time of the rent negotiations with
the tenant, reflect the market conditions of that time and approximate
rents of comparable rental properties, unless expressly instructed in
writing by the Owner to the Manager to the contrary, as to the amount
of the initial rent and any subsequent increases as may from time to
time be appropriate. Manager agrees to rent and to lease the property;
to sign, renew and to cancel rental agreements and leases for the
property or any part thereof; to sue and recover for rent and for loss
or damage to any part of the property and/or furnishings thereof; and,
when expedient, to compromise, settle and release any such
legal lawsuits or proceedings.
Liability of
Manager.
Owner hereby agrees to hold Manager harmless from, and to defend
Manager against, any and all claims, charges, debts, demands and
lawsuits. Owner agrees to pay Manager’s attorney's fees related to
Manager’s management of the herein-described property and any liability
for injury on or about the property which may be suffered by any
employee, tenant or guest upon the property. Owner agrees to maintain
sufficient and prudent all risks property insurance and that the
Manager shall be an additionally named insured. Owner shall provide a
copy of such insurance policy to the Manager for the Manager's records.
This Property
Management Agreement Template
is CONTINUED IN PART 2:
|
|
