Property Management Agreement printable pdf download

eserve

ealty

ompany

Management Division

480 West Aurora Road, Sagamore Hills, Ohio 44067-2198

Phone: (330) 467-0828 Fax: (330) 467-6845

PROPERTY MANAGEMENT AGREEMENT

THIS AGREEMENT, made and entered into this

day of

, 2009, by and

between ________________ the OWNER(S) of ________________ and Reserve Realty

Management (the AGENT);

RECITALS:

The OWNER(S) desire to employ the AGENT to manage the Property and the AGENT

desires to be employed to manage the Property.

IT IS AGREED:

The OWNER(S) employ the AGENT exclusively to manage the Property for a

period of one year, beginning

, and thereafter for yearly periods from time

to time, unless on or before sixty (60) days prior to the expiration of the initial term or before

thirty (30) days prior to the expiration of any such renewal period, either party shall notify the

other in writing that it elects to terminate this agreement, in which case this agreement shall be

terminated at the end of that period.

The AGENT shall manage the Property to the extent, for the period, and upon the

terms of this agreement. The AGENT shall perform the following services in the name of and on

behalf of the OWNER, and the OWNER hereby gives the AGENT the authority and powers

required to perform these services: A) Overall operation and maintenance of the premises as

allowed by or in conjunction with restrictions which may exist; B) using all personnel necessary

to supply any emergency services that are required for the maintenance of the Property; C)

leasing at the fee of one month s rent for a 12 month lease; D) reviewing existing leases at no

additional charge; E) paying utility bills between tenants; _______________________________

______________________________________________________________________________

___________________________________________________________________________.

2.1

The AGENT shall collect all rents and other charges according to the lease.

2.2.

The AGENT shall maintain records showing all receipts and expenditures relevant

to the Property and shall promptly submit to the OWNER a cash receipts and

Property Management Agreement