Michigan Property Management Agreement

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Updated September 02, 2025

A Michigan property management agreement is used by property owners to hire an agency or broker to act as general manager of their property and oversee its rental to tenants. The manager is in charge of keeping the property in good condition and maintaining or increasing its value.

Laws

Requirements – Property management can only be performed by the owner, the owner’s employee, or a licensed real estate broker and must be done in accordance with a property management employment contract.^[1]^[2]

Verify a Property Manager – https://aca-prod.accela.com

Video

Sources

§ 339.2512c
§ 339.2503

Michigan Property Management Agreement