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Property Management Agreement

A Property Management Agreement outlines the terms and responsibilities between a property owner and a hired property manager.

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Original price was: €195.00.Current price is: €95.00.

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Service Description

A property management agreement is a legal document that outlines the terms and conditions of a contractual agreement between a property owner and a property management company. This agreement establishes the responsibilities and obligations of both parties in the management of the property.

The property owner typically hires a property management company to manage their rental property, whether it is residential or commercial. The property management company is responsible for a variety of tasks, including advertising the property, screening potential tenants, collecting rent, handling maintenance requests, and overseeing eviction processes if necessary.

The property management agreement outlines the specific terms of the agreement between the property owner and the management company. It typically includes information such as the length of the contract, the management fees charged by the company, and the scope of their responsibilities.

One of the key elements of a property management agreement is the fee structure. Property management companies typically charge a percentage of the rental income as their management fee. The percentage can vary depending on the location of the property and the services provided by the management company.

Another important aspect of the agreement is the extent of the management company’s responsibilities. This includes the scope of their authority to make decisions on behalf of the property owner, such as approving tenant applications or authorizing repairs. The agreement should clearly define the management company’s responsibilities and limitations.

The property management agreement should also specify the procedures for terminating the agreement. This typically includes a notice period, which can vary depending on the length of the contract and the reasons for termination. The agreement should also outline the procedures for handling any outstanding issues, such as the return of keys or the transfer of security deposits.

In summary, a property management agreement is a crucial document that outlines the terms and conditions of a contractual agreement between a property owner and a property management company. It establishes the responsibilities and obligations of both parties and ensures that the property is managed efficiently and effectively.

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