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A New Jersey property management agreement is established between a property manager and a property owner for one or more properties. The agreement outlines the role of the property manager, which can vary based on the owner's preferences, with some owners wanting full management and others maintaining partial control, like managing utility payments. Typical responsibilities of a property manager 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. The agreement should clearly detail these duties and relevant New Jersey property management rules.
