Property Manager Agreement - Alaska 2026

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  1. Click ‘Get Form’ to open the Property Manager Agreement - Alaska in the editor.
  2. 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.
  3. In the section describing the Property, provide a detailed legal description to avoid any ambiguity regarding what is being managed.
  4. For Article 1, specify how rents will be collected and outline any necessary payment details. This ensures clarity on financial transactions.
  5. In Article 2, indicate any specific maintenance responsibilities and costs that require prior consent from the Owner, ensuring both parties understand their obligations.
  6. Article 3 requires you to state the compensation structure for the Manager. Clearly define whether it’s a commission, salary, or other arrangements.
  7. For Article 4, note the term of agreement and termination conditions. Make sure both parties are aware of their rights regarding termination.
  8. Complete Articles 5 through 7 by providing necessary addresses for notices and confirming applicable laws governing this agreement.
  9. Finally, ensure both parties sign and date at the bottom of the document to make it legally binding.

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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.
In Alaska, property managers must meet specific licensing requirements set by the Alaska Real Estate Commission. These include age minimums, education prerequisites, and passing the required examinations.
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.
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.

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