Updated October 11, 2023
A New Jersey property management agreement is a professional contract that is used when a property owner hires a real estate broker to manage their property. Property management usually involves maintaining and improving the property, advertising and screening tenants for rentals, and providing the owner with a monthly financial accounting report. As payment, the manager will receive a portion of the rental income as well as the payment of fees for individual services.
Laws
Requirements (§ 45:15-1, § 45:15-3) – Under State law, other than the property owner, only licensed real estate brokers can be property managers.
Verify a Property Manager – https://www.state.nj.us/
Management Forms (4)
Download: PDF, MS Word, OpenDocument
Download: PDF, MS Word, OpenDocument
Download: PDF, MS Word, OpenDocument
New Jersey Purchase Agreements
Download: PDF, MS Word, OpenDocument