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Property Management Agreement
Free property management agreement template — an owner hires a property manager to handle a rental property's day-to-day operations.
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This free property management agreement covers 1. Appointment, 2. Manager's Authority, 3. Compensation, 4. Rent Collection and Disbursement, 5. Maintenance with 13 clearly marked [placeholder] fields to fill in — built for landlords, tenants, and small property owners documenting a lease or tenancy change clearly, without guessing at the right structure. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Property Management Agreement
Owner: [Name] Property Manager: [Name/Company, License # if required in your state] Property: [Address] Effective Date: [Date]
1. Appointment
Owner appoints Manager to manage the Property, including: [tenant screening, rent collection, maintenance coordination, lease enforcement — list what's included].
2. Manager's Authority
Manager may [approve expenses up to $[Amount] without prior approval / sign leases on Owner's behalf / other specific authority — define clearly].
3. Compensation
Owner will pay Manager [%] of monthly rent collected, or [Flat fee], plus [any leasing fee for placing a new tenant].
4. Rent Collection and Disbursement
Manager will collect rent and disburse net proceeds to Owner [Frequency], after deducting fees and approved expenses, with a statement of accounts.
5. Maintenance
Manager will coordinate repairs, [with Owner's approval required above $[Amount]].
6. Insurance
Owner will maintain property insurance; Manager will maintain [errors & omissions / general liability] insurance.
7. Term and Termination
This Agreement runs for [Term] and may be terminated by either party with [Notice Period] written notice.
8. Governing Law
This Agreement is governed by the laws of [State].
Owner: ______________________ Date: ____________ Property Manager: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Property management often requires a real estate license in the manager's state — confirm the manager is properly licensed before signing.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 8 standard sections: 1. Appointment, 2. Manager's Authority, 3. Compensation, 4. Rent Collection and Disbursement, 5. Maintenance, 6. Insurance, …
- 13 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Independent landlords
Managing a rental directly, without a property management company's paperwork.
FAQ
Is this property management agreement template really free?
Yes. Like every template in docstoc's library, this property management agreement is free to use, with no account or signup needed to view, edit, or download it.
What does this property management agreement cover?
This real estate template includes 1. Appointment, 2. Manager's Authority, 3. Compensation, 4. Rent Collection and Disbursement. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. This covers the structure most real estate documents share, but specifics like required disclosures, notice periods, and security-deposit rules are set at the state or city level and change often. Verify against your local landlord-tenant law, or have a real estate attorney check it, before relying on it.
Can I edit the wording?
Yes. All 13 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.
Where can I find more free templates like this?
Browse more free real estate and related document templates in the docstoc library at /document-templates/.
More free document templates
- Residential Lease Agreement
- Notice to Vacate / Lease Termination Letter
- Rental Application
- Deed of Trust
- Rent Receipt
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Why use this instead of a generic template
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Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
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