Property Management Agreement printable pdf download

Property Management Agreement

PROPERTY MANAGEMENT AGREEMENT

AGREEMENT made this ____ day of _____________, _______, between

TOWN AND COUNTRY PROPERTY MANAGEMENT hereinafter referred to as

Manager, and _________________________, hereinafter referred to as Owner.

In consideration of mutual promises and covenants herein contained the parties

hereto agree for themselves and their respective successors and assigns, as follows:

SECTION ONE

EXCLUSIVE AGREEMENT

Owner hereby appoints manager as sole manager for the management of

____________________________________, hereinafter referred to as the “building,” on

the terms and conditions hereinafter set forth.

SECTION TWO

TERM OF AGREEMENT

The term of this agreement shall commence as of _____________,_______and

shall remain in full force and effect for a period of ___________(years/months) from the

date it became effective as aforesaid and shall continue thereafter from year to year in full

force and effect unless, terminated in writing by either party, with sixty (60) day notice.

Owner agrees to rent building for a monthly fee of $________, and the deposit required

to rent this property will be in the amount of $________.

SECTION THREE

COMPENSATION AS MANAGING AGENT

Owner agrees to pay to manager for management of the building during the first

year hereof and in each succeeding year a fee of ten (10%) percent of the gross revenues

actually received from the property each month. Owner shall make payments to manager

by the _10th__ day of each month. The compensation may be deducted by agent from

revenues. A one-time set-up fee of $200.00 will be charged at the acceptance of this

contract to be paid in advance or as agreed upon.

SECTION FOUR

DUTIES OF THE AGENT

In managing the above-described property, agent shall:

1) Leasing of Premises. Use due diligence to lease and rent the building/apartment

units.

PROPERTY MANAGEMENT AGREEMENT-1

Property Management Agreement