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PROPERTY MANAGEMENT AGREEMENT (Long Term Leases/Rentals) THIS AGREEMENT, by and between: (hereinafter called One “) and Walt Flood Realty, a Hawaii sole proprietorship (hereinafter called Age “),
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How to fill out property management agreement
How to fill out a property management agreement:
01
Begin by entering the names and contact information of the landlord and the property management company.
02
Clearly state the address and description of the property being managed.
03
Specify the duration of the agreement, including the start and end dates.
04
Outline the responsibilities and duties of the property management company, such as rent collection, property maintenance, and tenant screening.
05
Include any additional services provided by the property management company, such as marketing the property or handling legal matters.
06
Define the fees and compensation structure, including the management fee percentage and any additional charges.
07
Specify the terms of termination, including notice periods and any penalties for early termination.
08
Include any relevant clauses or provisions, such as a hold harmless clause or an arbitration agreement.
09
Both parties should carefully review the agreement and make any necessary revisions before signing.
10
Keep a copy of the signed agreement for future reference and to settle any disputes that may arise.
Who needs a property management agreement:
01
Property owners who do not have the time or expertise to manage their own properties.
02
Investors who own multiple properties and need professional assistance in overseeing them.
03
Property owners who reside in a different location from their rental property and require local management expertise.
04
Owners of commercial properties or large residential complexes that necessitate professional management.
05
Individuals or companies who want to ensure compliance with local laws and regulations regarding property management.
06
Property owners who wish to delegate the responsibilities of collecting rent, handling maintenance, and dealing with tenant issues to a reliable and experienced property management company.
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