Vermont Property Management Agreement | Commercial & Residential

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Updated September 19, 2023

A Vermont property management agreement is a contract that binds two (2) parties, a property manager and an owner of real estate, to the terms and conditions laid therein. Generally speaking, a property manager will be hired to ensure that the owner’s property is rented, to collect the rent payments and security deposits (if applicable), and to oversee the upkeep of the premises. An agreement will establish the individual’s duties, the compensation for their services, and the responsibilities of the property owner. Vermont is one of the few states wherein one does not require a real estate license to manage property.