This Property Management Agreement is between a property owner and a manager who will operate and manage the owner's property. This arrangement is extremely useful for those who own rental properties, out-of-state property owners or an individual who is no longer able to manage their own property. The agreement sets out the specific services the property manager will perform, the continuing responsibilities of the owner and the compensation the manager will be paid. It is imperative that this type of agreement be set out in writing rather than by oral communication. A written Property Management Agreement will prove invaluable in the event there are disagreements or misunderstandings as to the roles each party will play.

This Property Management Agreement contains the following provisions:

• Parties: Sets forth the name and address of the property owner and property manager;
• Term: States the beginning and ending dates of the agreement;
• Property Management Services: Sets out in specific detail the services the property manager will provide;
• Ownership Responsibilities: Sets out in detail the continuing responsibilities of the property owner;
• Compensation: The compensation the manager shall receive for management services;
• Termination: The agreement may be terminated by either party by giving sixty days written notice;
• Dispute Resolution: Any disputes will be settled according to the rules of the American Arbitration Association;
• Signature: Both 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

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