Property Management Agreement

The Owner

Who is the Owner of the Property?

a Business EntityIndividual(s)

How Many Owners?

Individual(s)

Business Entity

Business Entity Name

Name of the Person signing on behalf of the Business Entity

Full Name

Other

Individual(s)

Owner's Name

#2 Owner's Name

#3 Owner's Name

#4 Owner's Name

#5 Owner's Name

Owner's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Will this be the SAME ADDRESS for legal notices?

YesNo

In case the Property Manager must send them legal notice for any matter related to this agreement.

Enter the Owner's Address for Legal Notices:

Street Address

Address Line 2

City

State

ZIP Code

This is often the address of the Owner's attorney or legal counsel.

Property Manager

Who is the Property Manager?

a Business Entityan Individual

Name of the Property Manager

This can be the name of an individual or the name of a business entity.

Property Manager's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Managed Property

The Property is described as:

CommercialResidential

How many Properties will be managed?

May need to wait a moment after selecting to populate...

Property Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Property Description (optional)

#2 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#2 Property Description (optional)

#3 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#3 Property Description (optional)

#4 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#4 Property Description (optional)

#5 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#5 Property Description (optional)

#6 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#6 Property Description (optional)

#7 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#7 Property Description (optional)

#8 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#8 Property Description (optional)

#9 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#9 Property Description (optional)

#10 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#10 Property Description (optional)

#11 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#11 Property Description (optional)

#12 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#12 Property Description (optional)

#13 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#13 Property Description (optional)

#14 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#14 Property Description (optional)

#15 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#15 Property Description (optional)

#16 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#16 Property Description (optional)

#17 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#17 Property Description (optional)

#18 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#18 Property Description (optional)

#19 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#19 Property Description (optional)

#20 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#20 Property Description (optional)

#21 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#21 Property Description (optional)

#22 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#22 Property Description (optional)

#23 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#23 Property Description (optional)

#24 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#24 Property Description (optional)

#25 Property Address

Street Address

Address Line 2

City

State

ZIP Code

#25 Property Description

The Properties must be described in a SEPARATE DOCUMENT and attached to this Agreement

I Agree

Term

How long is this Agreement for?

Months

Most property management agreements are for a term of 12 months.

Start Date

End Date

After Expiration

After the Agreement expires, it will:

TerminateContinue on a Month-to-Month basis (may terminate with 30 days' notice)

Option to Terminate

During the term of this Agreement, either party may:

Terminate this Agreement by providing 30 days' notice.Not terminate this Agreement.

The Owner authorizes the Property Manager to execute rental agreements for:

Fixed Arrangements (Start and End Dates)Month-to-Month TenancyVacation RentalsOther

The Owner authorizes the Property Manager to execute rental agreements for:

Fixed Arrangements (Start and End Dates)Month-to-Month TenancyOther

Enter the type of Rental Agreements the Property Manager may authorize:

Rights to Negotiate

The Property Manager will be required to rent the Property at:

Market Rent ($)A Rental Rate no lower than $________Other

The Property Manager will be required to rent the Property at:

Market Rent ($)Other

Enter Rental Rate ($)

$

per Dayper Weekper Month

Enter the types of rental agreements:

Repairs & Maintenance

Will the Property Manager be able to authorize repairs?

YesNo

The Property Manager can authorize repairs up to

$

Security Deposits

Who will be responsible for returning Security Deposits back to the tenants?

the Property Managerthe Owner

This is when the lease has ended and the Security Deposit is given back to the tenant. Commonly the holder of the

Distributions to Owner

The Property Manager will transfer the rental income to the Owner:

With each payment made by the tenants (less fees).____% of payments collected. The remaining balance is paid before the end of each quarter.All payments collected to be paid before the end of each quarter.Other

Percent to be distributed:

%

Enter how the Property Manager will pay the Owner:

Management Fee (%)

Will the Property Manager be paid a PERCENTAGE (%) of all payments collected on the Property?

YesNo

Property Manager will be paid:

% of payments collected by tenants.

New Lease Fee ($)

Will the Property Manager be paid for each NEW LEASE?

YesNo

Depending on the relationship between the Owner and Property Manager, a fee is sometimes charged for each new lease created.

Enter the fee to be paid for each NEW LEASE:

Lease Renewal Fee ($)

Will the Property Manager be paid for each LEASE RENEWAL?

YesNo

A "Lease Renewal" is when a current tenant signs another lease with the Property Manager. This is commonly a signal the property is being well-maintained and incentivizes all parties.

Enter the fee to be paid for each LEASE RENEWAL:

Eviction Fee ($)

Will the Property Manager be paid for each EVICTION?

YesNo

Typically, an eviction consists of sending a notice and filing in the local court to have the tenant forcibly removed. The process can take anywhere from 30 to 120 days and usually requires the assistance of an attorney.

Enter the fee to be paid for each EVICTION:

Preparing for Lease Fee ($)

Will the Property Manager be paid for PREPARING THE PROPERTY FOR LEASE?

YesNo

This usually requires a "deep cleaning" of the premises which may involve hiring a professional cleaner.

Enter the fee to be paid for PREPARING A PROPERTY FOR LEASE:

Other Fees ($)

Are there any OTHER FEES the Property Manager be paid?

YesNo

Enter the OTHER FEES to be paid:

No Compensation

You understand that under the selections made the Property Manager will not be paid?

Yes, I understand

You can click the Back button and re-enter your selections.

Marketing for Sale

If the Property is marketed FOR SALE by the Owner:

The Property Manager will be the agent for the PropertyThe Property Manager will not be the agent for the Property

Lockbox on the Property

Does the Owner authorize the use of a key-safe / lockbox to allow entry into the Property?

YesNo

Additional Terms and Conditions

Are there any Additional Terms or Conditions?

YesNo

Verbal agreements are not recognized in most States. Therefore, if there are any sided deals it should be written in this Agreement.

Enter the Additional Terms and Conditions:

Agreement Date

Not the Start Date. This is the date the Agreement was created.

Agreement Date