Pennsylvania Property Management Agreement | Commercial & Residential

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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 Managerhttps://www.pals.pa.gov/#/page/search

Sample Agreement

Pennsylvania Assoc. of Realtors – Adobe PDF

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(Video) Pennsylvania Property Management Agreement – EXPLAINED