Property Manager Contract Sample

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Property Management is something that happens within the property owner as well as with a property manager, often more so than with the property owner. A property manager is usually hired to do the responsibilities of keeping properties clean and safe. While an owner doesn’t need to deal with any sort of management at all, a property manager must deal with the legal aspects of the property and deal with management issues that could be going on with the property.

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Although a property manager may not be a regular employee, many different things can occur that could call for the contract. Things like civil war or natural disaster could end up needing a property manager to handle. Unfortunately, sometimes these things are out of the owner’s control as well. For example, when floodwaters rise, they have to be controlled to keep from destroying property.

The idea of an agreement should not be taken lightly. It would not only ensure that the owner is getting their money’s worth, but it also protects the property. So, before signing anything on the contract, make sure to read everything carefully.

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The first thing to consider when looking at a contract for a property manager is whether or not there will be a contract at all. The typical contract in most states is a written agreement. These agreements can go as long as 10 pages and should include the name of the property manager, an address, a description of the property, a fee, the location and a description of the duties of the property manager. Most contracts include a copy of the lease agreement with this information.

The next step to take in deciding whether or not there will be a contract is to make sure the agreement refers to property management services. This is especially important if two property managers are dealing with the property as one of them will need to use his or her services on the property.

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A contract is essentially just a legal document, so you will want to read over the contract carefully. Take note of all the obligations listed above. Then look at the responsibilities of each party in detail.

When looking at a contract, make sure that you have reviewed the paperwork thoroughly and decided who will be the right person to handle the contract. You will want to make sure that whoever the property manager is, the other person is obligated to perform their job and meet all the responsibilities listed in the contract.

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All in all, there are a few things to think about when considering whether or not to sign a contract with a property manager. Make sure that the contract is legal and conforms to the required state requirements. You’ll want to make sure that both parties are going to be bound by their responsibilities as agreed upon in the contract.

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