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This document outlines the agreement between Equity Real Estate - Property Management Division, LLC (EPM) and the Owner for the management, operation, and leasing of a specified property. It details the authorities granted to EPM, the responsibilities of both parties, fees, terms of the agreement, and conditions related to property management.
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An owners property management agreement is a legal contract between a property owner and a property management company that outlines the responsibilities, duties, and terms of the property management services to be provided.
Typically, property owners who hire a property management company to oversee their rental properties are required to file an owners property management agreement.
To fill out an owners property management agreement, a property owner should provide details such as their name, property address, management company information, and the specific terms of the agreement, including fees, management responsibilities, and duration of the contract.
The purpose of the owners property management agreement is to clearly define the relationship between the owner and the management company, outlining the scope of services, management fees, and legal responsibilities, ensuring that both parties are aware of their rights and obligations.
The owners property management agreement must report information such as the property owner's name and contact details, property management company name and contact details, property address, terms of services, management fees, duration of agreement, and any specific responsibilities assigned to the management company.
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