Property Manager Agreement - Florida 2026

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  1. Click ‘Get Form’ to open the Property Manager Agreement in the editor.
  2. Begin by filling in the names of the Owner and Manager at the top of the document. Ensure accuracy as these details are crucial for legal identification.
  3. In the section describing the Property, provide a detailed legal description to avoid any ambiguity regarding what is being managed.
  4. Proceed to Article 1, where you will outline how rents will be collected. Specify any necessary payment timelines and responsibilities clearly.
  5. In Article 2, detail maintenance responsibilities. Include any thresholds for improvements that require prior consent from the Owner.
  6. Article 3 requires you to state the compensation structure for the Manager. Be clear about commissions or salaries agreed upon.
  7. For Article 4, define the term of agreement and termination conditions. Make sure both parties understand their rights regarding notice periods.
  8. Fill in addresses for both parties in Article 5 to ensure proper communication channels are established.
  9. Review Articles 6 and 7 regarding applicable law and severability to ensure compliance with local regulations.
  10. Finally, sign and date the agreement at the bottom, ensuring both parties have copies for their records.

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Term of Agreement: Specify the duration of the agreement. Most property management agreements are for one year, but shorter or longer terms are possible. Outline any renewal options or termination clauses. Scope of Services: Clearly define the property managers responsibilities and services.
Monthly Management Fees This service charge fee is usually a percentage of the collected monthly rent. Typical rates range from 8-12%, with 10% being most common. So, for example, if your rental property brings in $1,500 monthly rent, you would pay your property manager around $150 each month.
A property managers first responsibility is to protect the owners investment while maintaining its profitability. Effective property management begins with preserving the physical condition of the property.
Here are some key components that are typically included in a Management Agreement: Introduction. Definition of Services. Term and Termination. Compensation and Fees. Duties and Responsibilities of the Manager. Duties and Responsibilities of the Owner. Accounting and Financial Records. Insurance.

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