Property Manager Agreement - Idaho 2026

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  1. Click ‘Get Form’ to open the Property Manager Agreement - Idaho 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 purposes.
  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 details about payment timelines and responsibilities.
  5. In Article 2, indicate how often inspections will occur and detail any limits on improvements that require Owner's consent.
  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 conditions under which either party can terminate it. Make sure to include notice periods.
  8. Fill in Articles 5 through 7 with relevant addresses for notices and ensure compliance with applicable laws as stated.
  9. Finally, sign and date the agreement at the bottom, ensuring both parties have completed their sections before finalizing.

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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.
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.
Average Property Management Fees in Idaho Management fee: 7.71% average. Tenant placement rates and combined service fees vary. Lease renewal: Average flat fee $75.00. Inspection fees: Average $83.33.
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.
No license is required to manage rental property in Idaho. This has been the case since 1981, making Idaho more accessible for property management professionals. While not requiring licensing, property managers should still maintain professional standards and follow best practices in the industry.

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