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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 necessary details about payment timelines and responsibilities.
In Article 2, detail maintenance responsibilities. Indicate how often inspections will occur and set a threshold for improvements requiring Owner consent.
Article 3 requires you to state the compensation structure for the Manager. Clearly define whether it’s a commission, salary, or other arrangement.
For Article 4, specify the term of agreement and conditions for termination. Make sure both parties understand their rights regarding notice periods.
Complete Articles 5 through 7 by providing addresses for notices and ensuring compliance with applicable laws. Review these sections carefully.
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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