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Property Manager Agreement - Montana 2025

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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 - Montana 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 for legal purposes.
In the section describing the Property, provide a detailed legal description to avoid any ambiguity regarding what is being managed.
Proceed to Article 1, where you will outline how rents will be collected. Specify any deadlines and responsibilities for both parties.
In Article 2, detail maintenance responsibilities. Indicate how often inspections will occur and set a monetary limit for improvements requiring Owner's consent.
Article 3 requires you to state the compensation structure for the Manager. Clearly define whether it’s a commission, salary, or other arrangements.
For Article 4, specify the term of agreement and conditions under which either party can terminate it. Be clear about notice periods required.
Fill in Articles 5 through 7 with necessary addresses and legal stipulations as required by your specific situation.
Finally, ensure both parties sign and date at the bottom of the document to make it effective.

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What states dont require a property management license?

Some states (such as Idaho, Maine and Vermont) do not require a real estate license to engage in property management. Other states (such as Montana, Oregon and South Carolina) allow property managers to work under a property management license rather than a brokers license.

Do you need a property management license in Montana?

In the State of Montana, a person may not engage in or conduct business in the capacity of a Property Manager until that person has received a license. The following is general licensing information for Property Managers: Licensing Requirements Application Submission Checklist. Application Fee: $50.00.

Does Montana require a property management license?

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.

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