The 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.
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
Sample Agreement
Pennsylvania Assoc. of Realtors – Adobe PDF
Related Forms
- Pennsylvania Eviction Notices
- Pennsylvania Lease Agreements
- Pennsylvania Listing Agreements
- Pennsylvania Purchase Agreements