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Property Manager Agreement - North Carolina 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 aims to establish clear responsibilities and rights for both parties in managing the property.

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Click ‘Get Form’ to open the Property Manager Agreement 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.
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 how often inspections will occur and detail any limits on repairs that require prior consent from the Owner.
Article 3 requires you to state the compensation structure for the Manager. Be specific about commissions or salaries to prevent misunderstandings.
For Article 4, clarify the term of agreement and conditions under which either party can terminate it. This protects both parties' interests.
Complete Articles 5 through 7 by providing necessary addresses for notices and ensuring compliance with applicable laws.
Finally, sign and date the agreement at the bottom to make it legally binding. Ensure both parties have copies 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 is a normal fee for property management?

What is the average property management fee in 2025? Typically 8-12%, with the national average at 8.49%, and flat-fee options around $300/month. Are setup and renewal fees normal? Yes.

How much are property management fees in NC?

Property management fees in North Carolina typically range from 8% to 12% of the monthly rent. These fees can vary based on factors such as the location and size of the property and the specific services requested.

Do I need a license to be a landlord in North Carolina?

In North Carolina, it is mandatory for property managers to hold a real estate brokers license. This applies to those involved in leasing, renting, or managing residential and commercial properties. The requirement stems from state laws that classify these activities as real estate transactions.

What are the fees charged by property managers?

Property managers usually charge between 8% and 12% of rent collected for their services, which include tenant communications, property inspections, maintenance coordination, financial reporting, emergency response, and lease administration.

What is the most common payment for a property manager?

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. This monthly fee remains the same regardless of whether the property is occupied or vacant.

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Can I manage my own rental property in North Carolina?

Can an individual manage their own rental properties without a license in North Carolina? Individuals can manage their own rental properties without needing a license. This exemption exists since personal property management doesnt fall under the definition of real estate activities requiring a brokers license.

Does North Carolina require a property management license?

PROPERTY MANAGERS MUST BE LICENSED IN NORTH CAROLINA In North Carolina, a commercial or residential property manager must be a licensed real estate broker. (See G.S. 93A-2(a).) Managing real property in the brokerage sense often involves the leasing or renting of property.

Property Manager Agreement - North Carolina 2025

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Got questions?

What is a normal fee for property management?

How much are property management fees in NC?

Do I need a license to be a landlord in North Carolina?

What are the fees charged by property managers?

What is the most common payment for a property manager?

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Can I manage my own rental property in North Carolina?

Does North Carolina require a property management license?

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