If you are a property manager, you know how important it is to have a solid property management agreement in place with your clients. This agreement outlines the terms of your relationship with your clients and helps ensure that both parties are on the same page when it comes to the management of their property.

While there are many templates and samples of property management agreements available online, it is crucial to choose one that suits your specific needs and complies with local laws and regulations. A property management agreement free template can be an excellent starting point, but you should always review and customize it before using it.

Here are some essential elements that you should include in your property management agreement:

1. Property Description: The agreement should provide a detailed description of the property, including its address and legal description.

2. Services Provided: The agreement should clearly outline the services provided by the property manager, such as rent collection, maintenance, repairs, and property inspections.

3. Owner’s Obligations: The agreement should also specify the responsibilities and obligations of the property owner, such as providing access to the property, paying utilities and taxes, and maintaining insurance.

4. Fee Structure: The agreement should detail the fees charged by the property manager and the payment terms, including the billing cycle and due dates.

5. Termination Clause: It should also include a termination clause, which outlines the circumstances under which either party can terminate the agreement and the notice required to do so.

6. Governing Law: The agreement should specify the governing law and jurisdiction in case of any disputes or legal issues.

Using a free template as a base for your property management agreement can save you time and effort, but it is essential to ensure the specific needs of your business are covered in the agreement.

Remember, a well-drafted property management agreement can protect you and your clients and build a strong, long-lasting relationship. So, take the time to review and customize your agreement to make sure it meets your needs and provides the protection you need.