Description
A Property Management Agreement is a contract between a property owner and a professional property manager or management company that delegates the authority and responsibilities of managing real estate. This agreement outlines the scope of services the manager will perform on behalf of the owner, ranging from tenant relations to rent collection, maintenance coordination, budgeting, and legal compliance.
Key clauses typically include the duration of the agreement, management fees, duties and limitations of the manager, repair and maintenance procedures, accounting practices, reporting requirements, liability limitations, termination clauses, and conflict resolution mechanisms.
This agreement is essential for landlords or real estate investors who own multiple properties or reside far from their investment locations. It ensures operational efficiency, professional tenant handling, and proactive maintenance, all of which contribute to increased property value and rental income.
The Property Management Agreement also protects both parties from misunderstandings by clearly delineating who is responsible for what. Managers can operate within a well-defined framework, while owners maintain oversight without micromanagement.
Whether managing residential apartments, commercial properties, or mixed-use developments, this agreement provides legal clarity and structure that promotes smooth, profitable, and compliant property operations.
Ladi –
I use this agreement as a standard for all my new clients. It covers key points like maintenance duties, rent collection, and termination terms—very professional and legally sound.
Aliyu –
This agreement made onboarding a property manager quick and professional. It clearly outlines responsibilities, fees, and reporting requirements—everything I needed to protect my assets.
Bulus –
Great tool for landlords who want peace of mind. This contract helped avoid disputes and made sure both sides knew exactly what was expected.
Halilu –
I was nervous about hiring a manager for my rental homes, but this contract gave me confidence. It’s easy to customize and helped set clear expectations from the start.
Ijeoma –
I’ve reviewed dozens of management agreements, and this one strikes the perfect balance between thoroughness and clarity. It’s an excellent choice for both new and seasoned property owners.