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Property Manager Agreement - Oregon 2026

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The document is a Property Management Agreement between an Owner and a Manager, outlining the terms for the management and operation of a specified property. It includes articles on rent collection, property maintenance, manager compensation, agreement term and termination conditions, notice requirements, applicable law, and severability. The agreement establishes the responsibilities of both parties to ensure effective property management.

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Click ‘Get Form’ to open the Property Manager Agreement - Oregon in the editor.
Begin by filling in the names of the Owner and Manager at the top of the document. Ensure that both parties are clearly identified.
In the section describing the Property, provide a detailed legal description to avoid any ambiguity regarding what is being managed.
For Article 1, specify how rents will be collected and outline any necessary payment terms. This ensures clarity on financial responsibilities.
In Article 2, indicate any limits for property improvements that require Owner's consent. This protects both parties' interests.
Detail compensation arrangements for the Manager in Article 3, ensuring all terms are agreed upon and documented.
Review Article 4 carefully to understand termination conditions. Fill in any specific notice periods as required.
Complete Articles 5 and 6 by entering addresses for both parties, ensuring proper communication channels are established.
Finally, sign and date the agreement at the bottom to make it effective. Both parties should retain a copy for their records.

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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 normally include?

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.

Do property managers need to be licensed in Oregon?

Property management fees in Oregon typically range from 8% to 12% of monthly rental income. Consider the services included in the fee, such as tenant placement and property inspections, when evaluating management companies.

What should a property managers contract include?

Any property manager handling rental real estate for others must hold a valid license issued by the Oregon Real Estate Agency. The main license types include: Property Manager license. Principal Broker license.

What should be included in a management agreement?

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.

What is the average property management fee in Oregon?

A property management agreement must include, but is not limited to: The address of the owners property. Your duties and responsibilities. The duties and responsibilities of the owner.

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What do you typically pay a property manager?

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.