Property Management Agreement

Purpose: This Property Management Agreement ("Agreement") is entered into between the property owner and a property management company for the purpose of outlining the roles, duties, compensation, and terms governing the management of a specific rental property.

Parties

This Agreement is entered into on {agreementDate} by and between:

• Owner: {ownerName}, residing at {ownerAddress}
• Manager: {managerName}, located at {managerAddress}

Property Details

This Agreement pertains to the following property:

• Property Address: {propertyAddress}
• Type of Property: {propertyType}
• Number of Units: {numberOfUnits}

Term of Agreement

The Agreement will commence on {startDate} and shall remain in effect until {endDate}, unless earlier terminated in accordance with the provisions herein.

{#isRenewable}

Note: This Agreement shall automatically renew for successive terms of {renewalPeriod}, unless either party provides written notice of termination at least {noticeDays} days prior to the end of the current term.

{/isRenewable}

Manager Responsibilities

The Manager agrees to manage the Property and perform the following duties:

{#managerDuties}

• {duty}

{/managerDuties}

Owner Responsibilities

The Owner agrees to cooperate with the Manager and fulfill the following responsibilities:

{#ownerDuties}

• {duty}

{/ownerDuties}

Compensation and Fees

The Owner shall pay the Manager the following fees for services rendered:

Authorizations

The Manager is authorized to perform the following without prior approval, up to the spending limit of {authorizationLimit} per occurrence:

{#authorizedActions}

• {action}

{/authorizedActions}

Termination

This Agreement may be terminated under any of the following conditions:

{#terminationReasons}

1. {reason}

{/terminationReasons}

Signatures

This Agreement is signed on {signatureDate} by the duly authorized representatives of both parties.