Property Manager Agreement - Minnesota 2026

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 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 procedures. This ensures clarity on financial responsibilities.
5. In Article 2, indicate how often inspections will occur and detail any limits on expenditures for property improvements requiring Owner consent.
6. Article 3 requires you to state the compensation structure for the Manager. Be clear about commissions or salaries to prevent misunderstandings.
7. Review Article 4 carefully, noting termination conditions and notice periods for both parties. Fill in any specific timeframes as needed.
8. Complete Articles 5 through 7 by providing addresses for both parties and ensuring compliance with applicable laws.
9. Finally, sign and date the agreement at the bottom, ensuring both parties have copies for their records.

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