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Property Management Agreement

Responsibilities of the Manager

The property manager should send a monthly accounting of rents and expenses on or before what date?

Will the owner create a fund to provide the property manager with expenses for possible emergencies?

Does the property manager need owner approval for the cost of any improvements, maintenance, repairs, or decorations?

Within how many days after this agreement is executed must the property be rented out?

Are there any services that will not be provided by the property manager?

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Compensation

Will the owner pay the property manager a percentage of the first full month of rent for acquiring a tenant?

Will the owner pay the property manager a percentage of the collected rents and fees as part of the compensation?

Will the owner pay monthly management fees to the property manager as part of the compensation?

Will the property manager receive payment for any other purpose?

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