Property Management Agreement

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Real Estate Company
Owner
Address
Address
PROPERTY MANAGEMENT AGREEMENT
In consideration of the covenants herein contained,
Parties
(hereinafter called “Agent”) and
(hereinafter called “Owners”) agree as follows:
1.
This property shall be offered to all persons without respect to race, color,
Agreement
sex, religion, national origin, handicap/disabilities, or familial status.
on Fair Housing
2.
The Owner hereby employs the Agent exclusively to rent, lease, operate, and
Exclusive
manage the property containing
units, known as
Agency
Street Address
City
State
Zip Code
(hereinafter called “the premises”) for the period of
months
beginning on the
day of
, 20
, and ending on
the ______ day of ____________________. Owner agrees to the automatic
renewal of this agreement
Yes
No
3.
The Agent accepts the employment and agrees:
Renting and
(a) to use due diligence in the management of the premises, and agrees to furnish
Managing
the necessary services for the renting, leasing, operating, and management of
the premises;
(b) to render on or before the
day of each month, a statement of
Monthly
receipts, expenses, and charges, and to remit to Owner receipts less
Statements
disbursements. In the event the disbursements shall be in the excess of the rents
collected by the Agent, the Owner hereby agrees to pay such excess promptly
upon demand to the Agent;
(c
to deposit all receipts collected for Owner (less any sums properly deducted as
Separate Owner’s
otherwise provided herein) in a Trust Account in
Funds
Name of Bank
Address
Account Number
a State Institution qualified to engage in the banking or trust business, separate
from Agent’s personal account.
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