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
Sample Agreement
Pennsylvania Assoc. of Realtors
Download: PDF
Management Forms (4)
Download: PDF, MS Word, OpenDocument
Download: PDF, MS Word, OpenDocument
Pennsylvania Listing Agreements
Download: PDF, MS Word, OpenDocument
Pennsylvania Purchase Agreements
Download: PDF, MS Word, OpenDocument