This Property Management Agreement (Commercial) is between a property owner and a manager who will operate and manage one or more commercial properties. This management arrangement is helpful for out-of-state or rental property owners or an individual who is no longer able to manage their commercial property. This management agreement sets out the specific services the property manager will perform, the continuing responsibilities of the owner and the compensation the property manager will be paid. It is important that this business arrangement be clearly set out in writing. A written Property Management Agreement will prove valuable in the event there are disagreements or miscommunications regarding the management of an owner's commercial property.

This Property Management Agreement (Commercial Property) contains the following provisions:

• Parties/Date: Sets forth the name and address of the commercial property owner, property manager and the date the agreement is signed;
• Appointment/Owners Obligations: The property owner appoints manager as his/her sole and exclusive agent and agrees to provide the manager with all the necessary tools in order to effectively manage the commercial property;
• Authority of Broker: Sets out in specific detail the services the property manager will provide including management responsibilities, leasing authority, maintenance of accurate records and holding of security deposits;
• Broker Fees: Sets out in specific detail the fees the owner will pay to property manager including management, leasing, renewal or extension, service, administrative and reimbursement fees;
• Term and Termination: Sets out the specific commencement date and options under which either party may terminate this agreement;
• Expenses: Property manager agrees to bear all reasonable out-of-pocket expenses which may include fees for attorneys and other professionals;
• Dispute Resolution: Disputes under this management agreement will be settled by the American Arbitration Association;
• Signature: Both commercial property owner and property manager must sign the management agreement.

Protect yourself, your rights and your property by purchasing this attorney-prepared form.

This attorney-prepared package includes:

1. General Information
2. Instructions and Checklist
3. Property Management Agreement (Commercial Property)

State Law Compliance: This form complies with the laws of all states