Pennsylvania Property Management Agreement | Commercial & Residential

4.5 Stars | 6 Ratings

103 Downloads

Updated September 19, 2023

A Pennsylvania property management agreement is used by property owners and real estate brokers to make a legally binding contract for the management of a piece of real estate that is rented out to tenants. The broker agrees to manage the renting and maintenance of the owner’s real estate in exchange for a commission or for a flat rate. The manager will also usually have access to funds that are set aside for various expenses, such as renovations and paying bills.

Laws

Requirements (§ 35.201, § 35.202(1)) – Except for property owners, individuals must be licensed real estate brokers to work legally as property managers.

Verify a Property Manager – https://www.pals.pa.gov/#/page/search