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[Music] hi this is tom with peace of mind property management and today i want to talk to you about the property management paperwork thats most common the first piece of document this most common is the most important one is the property management agreement this is an agreement between the owner and the property management company and it goes through what can and cannot be done for the property in their relationship so this will cover things important things like the com how much is being paid the percentage of the rents thats being paid to the owner sorry to the property management company and goes over what the owner can do and what the property management can do and what their responsibilities are very important piece of information the second most critical document is the residential lease this is between the resident of the property often called the tenant and the owner of the property and the owner of the property will also have will most likely have the property management