90 Best Property Management Agreement Templates

1. Clear scope of services
Define exactly which tasks the manager will perform, such as marketing, tenant screening, rent collection, maintenance, and reporting. Include any exclusions and performance standards to prevent scope creep and disputes.

2. Fee structure and payment terms
Detail the management fee, additional charges, and when payments are due, along with how increases are calculated. Specify billing cycles, late fees, and refunds or credits for partial periods to ensure predictable cash flow.

3. Compliance and liability clauses
Incorporate requirements for fair housing, security deposits, insurance, and license/credential verifications. Include risk allocation, indemnities, and limits of liability to protect both owner and manager and address potential regulatory issues.