North Carolina Property Management Agreement | Commercial & Residential

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Updated September 19, 2023

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 (§ 93A-2 and § 93A-1) – 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.

Verify a Property Manager – North Carolina Real Estate Commission