Property Manager Agreement - South Carolina 2025

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  1. Click ‘Get Form’ to open the Property Manager Agreement 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.
  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 responsibilities.
  5. In Article 2, indicate any specific maintenance requirements and set a threshold for improvements requiring Owner's consent.
  6. Detail compensation arrangements for the Manager in Article 3, ensuring both parties agree on terms.
  7. Review Article 4 carefully to understand termination conditions and ensure compliance with notice periods.
  8. Fill in addresses for both parties in Article 5 to facilitate effective communication.
  9. Finally, review all sections for accuracy before signing at the end of the document. Use our platform’s tools to add signatures easily.

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Additional funds will likely be needed for repairs, maintenance, and other property improvements. Investors also need to think about monthly expenses and property management fees if they do not plan to manage the property themselves. Commonly, property management costs range from 8% to 12% of the monthly rental income.
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.
In South Carolina, individuals must obtain proper licensing before managing properties for others. The state offers two main licensing paths: a dedicated property manager license through the Commission or working under a brokers supervision. Property managers must: Pass a state-approved property management exam.
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.
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.
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Term of Agreement: Specify the duration of the agreement. Most property management agreements are for one year, but shorter or longer terms are possible. Outline any renewal options or termination clauses. Scope of Services: Clearly define the property managers responsibilities and services.

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