What Is a Property Management Agreement?

A Property Management Agreement is a legal document that formalizes the relationship between a property owner and a property management company or individual. This agreement outlines the responsibilities of the property manager, payment terms, and the scope of services to ensure transparency and protect both parties.

Whether managing residential, commercial, or industrial properties, this document is essential for establishing a professional and legally binding partnership.

Why Use Our Free Property Management Agreement Template?

Professionally Drafted

Created by legal experts, this template ensures compliance with property management laws and safeguards all parties involved.

Completely Free

Access a high-quality, lawyer-reviewed document at no cost, saving you time and legal expenses.

Customizable

Easily tailor the agreement to suit your specific property type, management needs, and payment terms.

User-Friendly

Clear instructions and a simple layout make the document easy to complete, even without legal expertise.

Key Features of Our Property Management Agreement Template

• Defined Roles and Responsibilities
  Clearly specifies the property manager’s duties, such as tenant management, rent collection, and property maintenance.
• Compensation Terms
  Details payment structures, including management fees, performance-based incentives, or commission percentages.
• Duration and Termination Clauses
  Outlines the agreement’s duration, renewal terms, and conditions for early termination.
• Legal Protections
  Includes provisions for liability, indemnification, and dispute resolution to protect both parties.
• Confidentiality Clauses
  Safeguards sensitive information regarding the property and its operations.

Who Should Use This Template?

• Property Owners: Delegate property management responsibilities while maintaining oversight and legal protection.
• Property Management Companies: Formalize agreements with property owners to ensure clarity and accountability.
• Real Estate Investors: Secure professional management services for your investment properties.

How to Use the Template

1. Download the Template
   Click below to access your Property Management Agreement instantly.
2. Customize the Document
   Input specific details, including the property address, scope of services, payment terms, and confidentiality provisions.
3. Review and Sign
   Ensure both parties review and agree to the terms before signing the document.
4. Distribute Copies
   Provide signed copies to all involved parties for their records.

FAQs

Q: Can this agreement be used for residential and commercial properties?
Yes, the template is versatile and can be adapted for managing residential, commercial, or industrial properties.

Q: Does this agreement include payment terms?
Absolutely. The template includes sections for detailing management fees, commissions, and payment schedules.

Q: Is this legally binding?
Yes, once signed by both parties, the Property Management Agreement becomes a legally enforceable document.

Q: Does this template include termination terms?
Yes, it outlines the conditions for early termination and renewal options.