Property Management Contract
Property
Management Contract
This agreement is between {Name}, henceforth known as “Owner,” and {Name}, henceforth known as “Manager,” who will be taking over as
the manager of the property located at {address
and name of location, if applicable}.
This agreement begins on this {date} day of {month},
year, and continues for {length of time,
or end date of contract}.
Owner and Manager agree to the following provisions as
conditions of this contract:
- Manager will be an employee of the Owner, and will be required to work {number} hours per week in a property management capacity.
- Manager will live {in a specific apartment at the location, in a property nearby, etc.}.
- Manager’s responsibilities will include, but are not limited to, rent collection, oversight of landscaping and maintenance, tenant relations and leasing of new apartments.
- Owner has the right to give Manager new duties at any time, which the Manager will be expected to perform to the best of his/her ability.
- Manager will be required to be an office presence on the property during open hours.
- Manager will maintain a respectable outward personal appearance, since he/she will be the public face of {location}.
- Owner will pay Manager {amount in dollars} every {week, month, year, etc.} as compensation for this position.
- Owner will provide Manager with support in this position, including {ways in which Owner will support the Manager}.
- Owner may terminate the Manager’s position {conditions under which Owner can terminate this contract}.
- Manager may terminate this contract {conditions under which Manager can terminate this contract}.
- Owner and Manager agree that this contract is subject to the laws and regulations of the state of {State}.
Signed:
___________________________ __________________________
Owner Name Manager
Name
___________________________ __________________________
Owner Signature Manager
Signature
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