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Virginia Property Management Agreement

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Updated September 02, 2025

A Virginia property management agreement establishes the working relationship between an owner of commercial or residential real estate and the professional they've selected to oversee its rental. Both parties must sign for the agreement to be considered legally binding.

Laws

Requirements – If a property manager is to carry out any of the duties relayed under § 54.1-2100 including the rental of real estate, they are required to operate with a real estate license.[1]

Exemptions exist if the individual is an employee of the owner, the owner, or can be defined as any other individual listed under § 54.1-2103.

Verify a Property Manager Department of Professional and Occupational Regulation

Video

Sources

  1. § 54.1-2106.1