90 Free Templates For Property Management Agreement

Tips For Using Property Management Agreement Templates

• 1. Specify Responsibilities Clearly Define the scope of the property manager's duties meticulously. Detail what is expected regarding maintenance, rent collection, and tenant relations to avoid future disputes.
• 2. Include Performance Benchmarks Integrate concrete performance indicators in the agreement. Establish benchmarks for occupancy rates, tenant satisfaction, and financial reporting that can be measured and reviewed periodically.
• 3. Review Termination Clauses Ensure the agreement stipulates clear terms for termination by either party. Take particular note of the notice period, reasons for termination, and any related penalties or processes involved.