Property Management Agreement (Independent Contractor)

Bahman Eslamboly

Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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This Property Management Agreement (Self-Employed Independent Contractor) is between a property owner and a self-employed property manager who will operate and manage commercial or residential property. This management arrangement is useful for out-of-state or rental property owners or individuals who are unable to manage their own property. This management agreement sets out the specific services the self-employed property manager will perform, the owner's continuing responsibilities and the compensation the manager will receive. It is imperative that this business agreement be clearly set out in writing. A written Property Management Agreement for a Self-Employed Independent Contractor will prove invaluable in the event there are disagreements or miscommunications regarding the management of the owner's property.

This Property Management Agreement (Self-Employed Independent Contractor) contains the following provisions:
  • Parties/Date: Sets forth the name and address of the property owner, property manager and the date the agreement is signed;
  • Appointment/Owners Obligations: Property owner appoints manager as his/her sole and exclusive agent and agrees to provide the manager with the necessary tools in order to effectively manage the 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 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: Self-employed property manager agrees to bear all reasonable out-of-pocket expenses including attorney and other professional fees;
  • Dispute Resolution: Any disputes under this agreement will be settled by 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 (Self-Employed Independent Contractor)
State Law Compliance: This form complies with the laws of all states

Property Management Agreement (Independent Contractor)

Product Details

Product Property Management Agreement (Independent Contractor)
Country United States
Pages 13
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Property Management Agreement (Independent Contractor)
Product number #43440
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

A Property Management Agreement is a legal document that outlines the relationship between a property owner and a property manager. It specifies the duties, responsibilities, and compensation of the manager, ensuring clarity and legal protection for both parties.

This agreement is ideal for property owners who wish to hire an independent contractor to manage their commercial or residential properties. It is particularly useful for owners who do not have the time or expertise to manage their properties themselves.

The agreement typically includes services such as property maintenance, tenant management, leasing authority, and financial reporting. It clearly defines the scope of the property manager's responsibilities.

By clearly outlining the roles, responsibilities, and compensation of both parties, this agreement helps to minimize misunderstandings. In the event of a disagreement, having a written document can provide clarity and serve as a reference.

The agreement includes specific terms regarding termination, including notice periods and conditions under which either party may end the contract. This ensures that both parties are aware of their rights and obligations in such situations.

Is This Form Right For You?

Use This Form If:

  • Individuals who own rental properties but live out of state may find this agreement essential for hiring a local property manager. This ensures that their property is managed effectively without the need for their constant oversight.
  • For those who are unable to manage their own properties due to time constraints or lack of expertise, this agreement provides a structured way to delegate management responsibilities to a qualified independent contractor.
  • Situations requiring clear delineation of responsibilities between a property owner and a manager can benefit from this agreement. It outlines the specific services to be provided, ensuring both parties understand their obligations.
  • Landlords looking to formalize their relationship with a property manager will find this agreement useful. It serves as a legal document that can help prevent misunderstandings and disputes regarding management duties and fees.
  • Property owners seeking to establish a professional management relationship with an independent contractor can use this agreement to define the terms of engagement. This clarity can help protect the owner's interests and ensure compliance with legal requirements.

Do Not Use If:

  • – This form is not appropriate for property owners who wish to manage their properties themselves. If the owner intends to handle all aspects of property management, a management agreement is unnecessary.
  • – Situations where the property manager is an employee rather than an independent contractor would not require this form. Different legal standards apply to employee relationships, necessitating a different type of agreement.
  • – If the property owner is seeking a partnership or joint venture arrangement, this agreement may not be suitable. Such arrangements require different legal considerations and documentation.
  • – In cases where the property management services are provided on a temporary or informal basis, a formal agreement may not be needed. This form is designed for long-term, structured management relationships.
  • – For property owners dealing with government or public housing, specific regulations may apply that necessitate different forms or agreements. This document may not meet those legal requirements.

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