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Properties of this Property Management Agreement |
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 MS-Word format (.doc) |
7 pages |
2,910 words |
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Document Content |
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1. EMPLOYMENT OF AGENT
2. BEST EFFORTS OF AGENT
3. LEASING OF PROPERTY
4. ADVERTISING AND PROMOTION
5. MAINTENANCE, REPAIRS AND OPERATIONS
6. EMPLOYEES
7. GOVERNMENT REGULATIONS
8. INSURANCE
9. COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION
10. BANK ACCOUNTS
11. RESERVE ACCOUNT
12. RECORDS AND REPORTS
13. COMPENSATION OF AGENT
14. COMMISSIONS FOR NEGOTIATING LEASES OR
MONTH-TO-MONTH RENTAL AGREEMENTS
15. OFFICE SPACE FOR AGENT
16. ADDITIONAL DUTIES AND RIGHTS OF AGENT
17. TERMINATION AND RENEWAL
18. TERMINATION FOR CAUSE
19. SALE OF PROPERTY
20. CONDEMNATION
21. BANKRUPTCY
22. NO PROPERTY INTEREST CREATED
23. LICENSING OF AGENT
24. RELATIONSHIP OF THE PARTIES
25. COVENANTS AND CONDITIONS
26. NOTICE
27. PARTIES BOUND; ASSIGNMENT
28. EFFECT OF PARTIAL INVALIDITY
29. GOVERNING LAW
30. INTEGRATION
31. ARBITRATION
32. ATTORNEY FEES
33. MODIFICATION |
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Document Description:
A Property Management Agreement (PMA) is a formal agreement between a Property Owner and an Agent, used when the Owner employs the Agent to manage, operate, control, rent and/or lease a property. This binding contract can be used between the Owner and an individual Agent, or between the Owner and a commercial, residential rental or real estate property company.
To ensure a smooth and mutually profitable relationship, it is vital to have a written agreement containing the terms and clauses agreed upon, such as accepting rent, compensation, building maintenance responsibility, advertising vacancies, performing credit and background checks on tenants, etc.
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Features |
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Benefits |
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