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Enter the full legal name of this party exactly as it appears on their ID or business registration.
Enter the full legal name of this party exactly as it appears on their ID or business registration.
A Property Management Agreement authorizes a professional property manager or management company to lease the property on the owner's behalf, collect rent, coordinate maintenance, screen and place tenants, handle evictions, and maintain accounting records. Defines the management fee (typically 8–12% of collected rent), scope of authority, maintenance spending limits requiring owner approval, and termination procedures. Fill out this free property management agreement template online, e-sign it digitally, and download a legally valid PDF. no account or lawyer needed. Sections: Parties, Property & Terms.
This Property Management Agreement is entered into effective ______________ between ______________ ("Owner") and ______________ ("Manager") for the property at ______________.
Owner appoints Manager as Owner's exclusive agent to manage the Property.
Manager shall: (a) market vacant units; (b) screen tenants; (c) execute leases; (d) collect rent; (e) arrange repairs not exceeding $500 without prior approval; and (f) provide monthly accounting.
Owner shall pay Manager 10% of gross monthly rents collected.
Manager shall maintain all tenant deposits and rent in a separate trust account and shall not commingle funds.
This Agreement renews annually unless either party gives thirty (30) days' written notice of termination.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, without regard to its conflict-of-laws principles.