Management

PROPERTY MANAGEMENT AGREEMENT

 

Between:

Property Owner (Landlord):

Name: ______________________

Property Address: ______________________

Phone: ______________________

Email: ______________________

And

Management Company:

Name: OF Management

Address: ______________________

Contact Person: ______________________

Phone: ______________________

Email: ______________________

1. Purpose of the Agreement

The Landlord authorizes the Management Company to manage the property located at ______________________ for the purpose of preparing, maintaining, and placing qualified tenants into the residential unit.

2. Payments

  • Upon signing this agreement, the Management Company shall pay the first and last months’ rent.
  • The Landlord agrees to provide an additional one (1) month rent-free for the purpose of:
    • General cleaning,
    • Minor repairs,
    • Furniture delivery and staging.
  •  
  • All such preparations shall be completed at the Management Company’s expense.

3. Responsibilities of the Management Company

The Management Company agrees to:

  • Organize and pay for the necessary preparation work including cleaning, small repairs, and furnishing the apartment or storage space.
  • Coordinate all hired contractors such as cleaners, handymen, movers.
  • Rent and cover the cost of a moving truck if needed.
  • Find and screen qualified tenants for the property.
  • Provide the Landlord with full documentation on all prospective tenants, including identification, income verification, and references, prior to signing any rental agreement.
  • Notify and obtain approval from the Landlord before initiating any work beyond standard cleaning or repairs — except in emergency situations requiring immediate intervention by electricians, plumbers, or other urgent services.

4. Responsibilities of the Landlord

The Landlord agrees to:

  • Provide the Management Company access to the property during the preparation and leasing process.
  • Review and approve tenant applications in a timely manner.
  • Maintain clear communication and collaboration regarding all aspects of the property management.

5. Term

This agreement shall commence on the date signed by both parties and remain in effect until ______________________, with the option to renew upon mutual agreement.

6. Additional Terms

  • Any changes or amendments to this agreement must be made in writing and signed by both parties.
  • This agreement is governed by the laws of the State of ______________________.

Signatures:

Landlord

Name:________________________

Date:___/___/______

Representative of OF Management

Name:________________________

Date:___/___/______