Missouri Property Management Agreement | Commercial & Residential

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Updated April 25, 2024

A Missouri property management agreement allows property owners to appoint a property manager to maintain and rent out a property on their behalf. The manager must keep the rental units filled and well maintained in exchange for a commission on the income generated from rent (often in addition to service fees). The manager is also responsible for repairs, renovations, and posting notices when necessary.

Laws

Requirements – It is illegal for a property manager to operate in the State without a license from the real estate commission if they are not the property owner or an employee thereof.^[1]^[2]

Verify a Property Manager – https://pr.mo.gov/licensee-search.asp