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Tennessee Property Management Agreement | Commercial & Residential

A Tennessee property management agreement is a written agreement between a real estate professional and an owner of commercial or residential real estate seeking a representative to manage their property. The agreement outlines the terms of payment and the duties and responsibilities of both manager and owner.
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Laws

Requirements – It is usually necessary that a property manager obtain a real estate broker license,[1] as the general duties of a property manager fall under the definition of real estate broker.[2]

However, licensing is not required if the manager’s duties are restricted to supervising and showing the rental unit and collecting security deposits and rent.[3]

Verify a Property ManagerDepartment of Commerce and Insurance

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