Property Management Agreement Form printable pdf download

PROPERTY MANAGEMENT AGREEMENT

This Agreement is made and entered in this _____ day of __________,

20____, between __________, hereinafter called "Owner", and __________,

hereinafter called "Manager".

Owner hereby employs the services of the Manager to manage, operate,

control, rent and lease the following property: [Description of Property]

Responsibilities of Manager

The Owner hereby appoints Manager as his lawful agent and attorney-in-

fact with full authority to do any and all lawful things necessary for

the fulfillment of this Agreement, including the following:

1. To collect all rents due and as they become due, giving receipts

therefore; to render to the Owner a monthly accounting of rents received

and expenses paid out; and to remit to the Owner all income, less any

sums paid out.

2. To make or cause to be made all decorating, maintenance,

alterations and repairs to said property and to hire and supervise all

employees and other labor for the accomplishment of same.

3. To advertise the property and display signs thereon; to rent and

lease the property; to sign, renew and cancel rental agreements and

leases for the property or any part thereof; to sue and recover for rent

and for loss of or damage to any part of the property and/or furnishings

thereof; and, when expedient, to compromise, settle and release any such

legal proceedings or lawsuits.

Liability of Manager

Owner hereby agrees to hold Manager harmless from any and all claims,

charges, debts, demands and lawsuits, including attorney's fees related to

his management of the herein-described property, and from any liability

for injury on or about the property which may be suffered by any

employee, tenant or guest upon the property.

Compensation of Manager

Owner agrees to compensate Manager as follows:

Term of Agreement

The term of this Agreement shall commence on the _____ day of

__________, 20____, and end on the __________ day of __________,20 _____.

Upon expiration of the above initial term, this Agreement shall

automatically be renewed and extended for a like period of time unless

terminated in writing by either party___ days prior to the date for such

renewal. This Agreement may also be terminated by mutual agreement of the

parties at any time upon payment to Manager of all fees, commissions and

expenses due Manager under terms of this Agreement.

Property Management Agreement Form