An agreement engaging a property manager to handle a rental property — leasing, rent collection, maintenance, and fees.
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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].
Manager will provide the following services: [Description — e.g. marketing vacancies, screening tenants, collecting rent, coordinating maintenance, handling tenant communication].
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].
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.
Manager will collect rent from tenants and remit net proceeds to Owner [Frequency], along with a statement of income and expenses.
This Agreement continues for [Term] and renews automatically unless either party gives [Number] days’ written notice of non-renewal or termination.
This Agreement is governed by the laws of the State of [State / Jurisdiction].
Owner Signature: _______________________ Date: _______________
Manager Signature: _______________________ Date: _______________