Property Management Proposal Template

Disclaimer

The information presented here serves as a general framework for property management proposals. It is not intended as legal, financial, or operational advice and should not replace consultation with qualified professionals. Regulations and market conditions vary by location, and adjustments may be necessary to meet specific requirements. The use of this template is at the user’s own risk, and we accept no liability for errors or misapplications arising from its implementation without proper review by experts.

This sample property management proposal is provided for illustrative purposes only. Actual details should be tailored to your specific agreement and circumstances.

Property Management Proposal Template

Parties:

Property Owner: Alice Johnson
Address: 789 Oak Street, Springfield, IL 62704

Management Company: Bright Homes Property Management
Address: 456 Pine Avenue, Springfield, IL 62704

Description of the Property:

The property located at 789 Oak Street, Springfield, IL 62704, including all units, common areas, fixtures, and appliances specified in the management agreement.

Scope of Management Services:

The management company agrees to oversee tenant leasing, rent collection, property maintenance, repairs, and compliance with relevant laws and regulations as outlined in this proposal.

Terms and Compensation:

The management services shall commence on _________________ and continue until terminated by either party with a 30-day written notice. Compensation shall be a monthly management fee of $X or X% of collected rent, payable on the 5th of each month.

Responsibilities of the Parties:

The property owner shall provide all necessary documentation and access to the property. The management company shall maintain accurate records, provide monthly reports, and ensure the property’s proper care.

Legal and Miscellaneous:

This proposal is governed by Illinois law. Any modifications must be in writing and signed by both parties. The management company shall not subcontract services without prior approval from the property owner.

Additional Terms:

• Both parties agree to maintain confidentiality regarding all operational details.
• The property owner authorizes the management company to act on their behalf in leasing and maintenance decisions.
• Termination of this agreement requires a 30-day written notice from either party.

Springfield, ______________________