Property Manager Contract Template

Disclaimer

The information provided here is intended solely as a general example for contractual arrangements involving property management. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or landlord-tenant law. Laws and regulations vary based on jurisdiction, and modifications may be necessary to ensure compliance with local requirements. The use of this example is at the user’s own risk, and we accept no liability for errors, omissions, or consequences resulting from its use without professional review.

Please note: This is a sample Property Manager Contract; details may vary depending on specific circumstances and local regulations. Adjust the template as needed for your situation.

Property Manager Contract Sample

Parties Involved:

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

Property Manager: Bob Williams
Address: 456 Oak Avenue, Springfield, IL 62705

Property Description:

The property located at 789 Maple Street, Springfield, IL 62704, including all fixtures, appliances, and amenities as agreed upon, to be managed by the Property Manager on behalf of the Owner.

Management Terms:

This agreement shall commence on __________________ and continue until terminated by either party with a notice period of __________________. The Property Manager shall oversee rent collection, maintenance coordination, tenant communication, and other responsibilities as specified herein.

Compensation:

The Property Manager shall receive a management fee of __________________% of the monthly rent, payable on the first day of each month. Additional services, if required, shall be billed separately as agreed.

Responsibilities of the Parties:

The Owner agrees to provide necessary funds for repairs and maintenance and to cooperate with the Property Manager. The Property Manager agrees to perform duties diligently, keep accurate records, and act in the best interests of the Owner.

Governing Law:

This agreement shall be governed by the laws of the State of Illinois. Any disputes shall be resolved in the courts of Sangamon County.

Additional Provisions:

• The Property Manager shall obtain prior approval from the Owner for all major repairs exceeding $________________.
• Both parties agree to maintain confidentiality regarding the terms of this agreement and related transactions.
• Any amendments must be in writing and signed by both parties.

Springfield, ______________________