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Free
Property Management Contract Sample
Property Manager Agreement PART 2
Are
you looking for a sample property management contract?
Whether you are a property manager or a landlord hiring one, our
contract property management below will make life a breeze for you.
Do You Have
the First Page of Our Property Manager Agreement? If No, Click here for Part 1 of our
Contract Property Management first.
Before Using Our
Property Manager Agreement, You Should Know These Facts
You should
pay extra attention to the following details when editing our agreement
for your personal use:
Compensation
of Manager - You should fill in this blank according on
how
you are going to pay your property manager.
Most landlords will either choose to pay their real estate managers a
percent of the rent or give them a fixed salary. You can also
hire a resident manager to manage your property in
exchange for a place to stay or rent discounts.
Please read
through our free property management contract sample below and edit it
according to your own needs
and the local landlord tenant laws:
* The form
below is the second page
of our property management contract - Click here for the
first page
of this property manager agreement if you
don't have it yet.
Property Management Contract - Second Page
Compensation
of Manager.
Owner agrees to compensate Manager as follows. Owner agrees to pay the
Manager ____________[Payment
Method and Amount]____________ as a fee
for managing the
property; which fees, plus any repair expenses, may be deducted by the
Manager from rents, and further agrees to abide by the conditions set
forth by the Manager to the tenant on the Owner’s behalf.
Term of
Agreement.
This Agreement shall be effective as of the date of _____________, and
shall expire on the date of _____________. Upon
expiration of the above initial term, this Agreement shall
automatically be renewed and extended for a like period of time unless
terminated in writing by either party by providing written notice _____
days prior to the date for such renewal. This Agreement may also be
terminated by mutual agreement of the parties at any time. Upon
termination Owner shall pay to Manager any fees, commissions and
expenses due Manager under terms of this Agreement, which are owing to
Manager. In the event of the premises not renting within a 90-day
period of entering into this agreement, or of a vacancy continuing for
a period of longer than 90 days, Owner reserves the right to declare
this agreement void.
Successors
and Assigns.
This Property Management Agreement shall be binding upon and inure to
the benefit of the
successors and assigns of Manager and the heirs, administrators,
successors, and assigns of the Owner. Notwithstanding the preceding
sentence, Manager shall not assign its interest under this Agreement
except in connection with the sale of all or substantially all of the
assets of its business. In the event of such sale, Manger shall be
released from all liability under this Agreement upon the express
assumption of such liability by its assignee.
This document represents the entire Property Management Agreement
between the parties
hereto.
IN WITNESS WHEREOF, the parties hereto hereby execute this Property
Management Agreement on the date first above written.
[Signature
of Owner]______________________
Owner
[Signature
of Manager]____________________
Manager
Do you want to learn MORE must-know facts on
being a property manager?
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