Property Manager Agreement - Delaware 2025

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Do you need a license to be a property manager? Yes, but it depends on the state. Property managers must get a specific license in Alaska, Delaware, Florida, Georgia, Hawaii, Illinois, Nevada, Virginia and the District of Columbia.
The property manager is required to have a City of Wilmington business license and a State of Delaware business license.
A residential property management agreement form must include the scope of services, fees, and the responsibilities of both parties. It should also specify how and when the agreement can be terminated to avoid confusion later on.
While most property management contracts are 12 months long, there are benefits to shorter ones. Normally there are no changes to contracts until they renew. With a shorter contract, both owners and property management companies have more opportunities to make changes benefiting their working arrangement.
The Residential Rental Property Licenses and Inspection Program is a three-part process that requires the owner of a rental property to: obtain and maintain a Residential Property Rental License annually; register all rental properties; and. receive interior and exterior inspections.
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