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Real Estate

Property Management Agreement

An agreement engaging a property manager to handle a rental property — leasing, rent collection, maintenance, and fees.

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Free general-purpose template, not legal advice. Fill in the placeholders and consider having a lawyer review it before you rely on it.

1. Parties & Property

This Property Management Agreement ("Agreement") is entered into as of [Effective Date] between [Owner Name] ("Owner") and [Manager Name] ("Manager"), for the property at [Property Address].

2. Services

Manager will provide the following services: [Description — e.g. marketing vacancies, screening tenants, collecting rent, coordinating maintenance, handling tenant communication].

3. Management Fee

Owner agrees to pay Manager a fee of [Percentage]% of collected rent per month, plus [Additional Fees, if any — e.g. a leasing fee for new tenants].

4. Authority & Spending Limits

Manager may authorize repairs up to [Amount] without prior approval; anything above that requires Owner’s written consent, except in an emergency affecting habitability or safety.

5. Rent Collection & Reporting

Manager will collect rent from tenants and remit net proceeds to Owner [Frequency], along with a statement of income and expenses.

6. Term & Termination

This Agreement continues for [Term] and renews automatically unless either party gives [Number] days’ written notice of non-renewal or termination.

7. Governing Law & Signatures

This Agreement is governed by the laws of the State of [State / Jurisdiction].

Owner Signature: _______________________ Date: _______________

Manager Signature: _______________________ Date: _______________

Frequently asked questions

Downloading the Property Management Agreement template costs nothing and doesn't require an account — use it for every property you manage.

The template is a solid starting point, but the clause that matters most day-to-day is the manager's spending authority — set a real dollar limit for repairs the manager can approve without asking first, with an explicit carve-out for emergencies affecting habitability or safety, since that's what prevents both slow emergency responses and surprise bills. The management fee percentage and what it's calculated against should also be unambiguous.

The services the manager provides (marketing vacancies, tenant screening, rent collection, maintenance coordination), the management fee and how it's calculated, a spending limit for repairs the manager can authorize without prior approval (with an emergency exception), how and how often rent is remitted and reported to the owner, and term/termination conditions.

You can edit the placeholders — property address, management fee, and responsibilities — with any PDF editor after downloading, or bring it into SignFastAi via "Sign this online for free" to mark it up there.

The document here is just the agreement itself. Getting it signed is handled by SignFastAi's core product: upload it, add signature fields for the owner and manager, and send a secure link.

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Load this template straight into SignFastAi, add who needs to sign, and send a secure link — usually done in a couple of minutes.

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