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Click ‘Get Form’ to open the Property Manager Agreement in the editor.
Begin by filling in the names of the Owner and Manager at the top of the document. Ensure that both parties are clearly identified for legal purposes.
In the section describing the Property, provide a detailed legal description to avoid any ambiguity regarding what is being managed.
Proceed to Article 1, where you will outline how rents will be collected. Specify any deadlines and responsibilities for both parties.
In Article 2, detail maintenance responsibilities. Indicate how often inspections will occur and set a monetary limit for improvements requiring Owner's consent.
Article 3 requires you to state the compensation structure for the Manager. Clearly define whether it’s a commission, salary, or other arrangements.
For Article 4, specify the term of agreement and termination conditions. Make sure both parties understand their rights regarding notice periods.
Complete Articles 5 through 7 by providing necessary addresses for notices and ensuring compliance with applicable laws.
Finally, sign and date the agreement at the bottom to make it effective. Ensure both parties have copies for their records.

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How much do property managers charge in Missouri?

A property management fee will either be charged as a flat monthly rate or as a percentage of your monthly rent. These fees vary based on rental rate, property type, and service scope. In St. Louis, flat fees generally run between $100 and $ 180, whereas percentage fees range from 8% to 10%.

Does Missouri require property managers to be licensed?

Missouri state law allows some property management activities without a brokers license, but conditions apply. Managers who lease or rent properties must be licensed unless their activities are limited. Those only collecting rent or dealing with maintenance might not need a license.

Does a rental agreement need to be docHubd in Missouri?

No, lease agreements do not need to be docHubd in Missouri. A notary helps establish the identity of the people signing the lease, if theres a claim of fraud, but a notary isnt necessary for a lease to be valid.

What should be included in a management agreement?

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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Property Manager Agreement - Missouri 2026