North Carolina Property Management Agreement | Commercial & Residential

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Updated April 25, 2024

A North Carolina property management agreement is a contract made between an owner of real property and a property manager or management company. This agreement will outline the duties, obligations, and responsibilities of both parties. Typically, a property management agreement will have a term of one (1) year, but the parties may choose to extend the contract if the arrangement is working. Having a property management agreement in place can help avoid any confusion with regard to the tasks and duties that the property manager must carry out for the owner.

Laws

Requirements – Property managers that wish to lease or offer to lease, sell or offer to sell, or rent or offer to rent property must be a licensed real estate broker.^[1]^[2]

Verify a Property Manager – North Carolina Real Estate Commission