Property Manager Agreement - Utah 2025

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Put simply, this agreement defines the scope of services the property manager will provide, such as tenant sourcing, rent collection, maintenance, and more. Property management agreements typically outline compensation, including management fees and any additional costs.
Normally, a property management agreement will include the terms and conditions of your business relationship with a company or manager. It formally puts into writing things like how long the contract will last, how much you should pay the company every month, what services you are entitled to, etc.
Day-to-Day Management Expenses For the actual management of your property, theres the monthly management fee, which includes property inspection and maintenance, handling emergency maintenance, collecting rent payments, and other day-to-day tasks.
In Utah, property managers need a real estate brokers license to handle business operations legally. A property management license is necessary for tasks like advertising real estate for lease and procuring prospective tenants.
Final answer: In a management agreement between a property manager and an owner, elements such as terms and conditions, responsibilities and obligations of the manager, compensation and payment terms, and termination clauses are typically included.

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To operate as a property manager in Utah, you must first get a real estate license. This procedure entails finishing a 120-hour pre-licensing course from an approved real estate school, which includes topics such as real estate law, property management, finance, and ethics.
Scope of services: Clearly outline the range of services to be provided by the property management company, including property maintenance, financial management, administrative support, and resident communication. Term and termination: Specify the duration of the contract and the terms for termination or renewal.

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