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Property Manager Agreement - Utah 2025

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The document is a Property Management Agreement between an Owner and a Manager for the management and operation of a specified property. It outlines the responsibilities of the Manager, including rent collection, property maintenance, compensation terms, and conditions for termination. The agreement is effective for one year with automatic renewals unless terminated by either party with prior notice. It also includes provisions for notices, applicable law, severability, and modifications.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does a property management agreement typically include?

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.

What does a property management agreement normally include?

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.

What is included in the management fee of a property?

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.

What percent do most property management companies take?

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.

Which of the following is typically included in a management agreement?

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.

property management agreement sample

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Do property managers need to be licensed in Utah?

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.

Which would you expect in a property management contract?

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.