New Jersey Property Management Agreement | Commercial & Residential

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The 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.

LawsReal Estate Property Managers Act of 2008

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 Managerhttps://www.state.nj.us/

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(Video) New Jersey Property Management Agreement – EXPLAINED