A Property Management Agreement is a contract between a rental property owner and an associate who agrees to manage, operate, control, rent and lease defined properties listed in the Property Management Agreement.
If you intend to let another individual manage your rental properties on your behalf, you should both sign a Property Management Agreement.
Our Property Management Agreement defines that both the owner of the rental property and the property manager agree that the property manager will manage, operate, control, rent and lease defined properties listed in the Property Management Agreement. It also defines duties to the property manger, such as decorating, maintenance, alterations, repairs and advertising the apartment for rent, house for rent, apartment for rent, etc. It recognizes that the owner of the rental property shall hold the property manager harmless from any and all claims, charges, debts, demands and lawsuits.
We recommend that the owner of the rental property and the property manager both sign and keep a copy of the Property Management Agreement.
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