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A New Jersey property management agreement outlines the roles of a property manager and the property owner. Property managers oversee and maintain properties, with responsibilities varying based on the owner's preferences. Some owners may want full management, while others may choose to handle specific tasks, like paying utilities. Common duties of property managers include collecting rent and security deposits, filling vacancies, negotiating and renewing leases, enforcing lease terms, coordinating maintenance and repairs, managing lawn care and snow removal, providing monthly and annual profit and loss reports, handling utility payments, and managing evictions. Specific rules and contract elements applicable in New Jersey should also be included in the agreement.
