Property-management agreements
Appoint a manager to run a rental property for you: letting, rent, repairs, records and fees.
Appoint someone to manage a property for you.
- Business / Legal document
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Key features
What the manager does
Advertising, screening, leases, rent collection, routine repairs up to a limit, inspections, tenant reports, deposits and statements.
What needs the owner's approval
A blank for matters such as large spending, accepting a tenant, low rent, long leases or starting proceedings.
Fees and the money account
The management fee and any letting or renewal fees, where collected money is held and when the owner is paid.
Statements and records
Periodic statements, copies of invoices over an amount, an arrears schedule, an annual summary and the owner's right to inspect.
Equal treatment and ending the appointment
Applying the owner's criteria to every applicant, notice to end, handover of keys, leases, deposits and money, and any fee after the appointment ends.
About this document
A property management agreement appoints a manager as the owner's agent to look after a rental property. It sets out what the manager will do, what needs the owner's approval first, the fee, how rent is collected and held, statements and records, repairs and emergencies, insurance and how the appointment ends.
This blank form is completed by hand and signed by owner and manager. It leaves every fee, limit and period for the parties to agree. Whether a manager needs a licence, how tenants' money must be held and what a manager may do for an owner vary by state, so check before you appoint or take on the role.
Is this document right for you?
Useful when
- You own a rental and want someone to run it day to day
- You manage property for others and want terms recorded
- You want to set approval limits and reporting
Commonly used by
- Landlords with one or several units
- Property managers and agents
- Owners living elsewhere
Not sure? about your situation first.
Alternatives
These are separate documents, for different jobs.
- Residential lease agreementsSet the terms for renting a home.View document
- Tenant-screening documentationThe paperwork for screening prospective tenants.View document
- Independent-contractor agreementsSet the terms of work with an independent contractor.View document
- Landlord legal supportLegal help for the matters landlords face.View document
When to use this
- An owner moves abroad and appoints a manager
- A manager takes on a small building
- An owner sets a spending limit for repairs
What happens next
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More in Lease, Rental & Tenancy
- Residential lease agreementsSet the terms for renting a home.View document
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- Short-term rental agreementSet the terms for letting a property to a guest for a short stay.View document
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Questions
About the property-management agreements
That varies by state and by what the manager does. The form does not decide it; check where the property is.
Still have a question? .