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Can a property manager sign a lease?
From a risk management perspective, a property manager should never sign a written lease agreement for a property to be rented by the landlord. Rather, any contracts or addendums should have the tenant's and landlord's names clearly listed and be signed by them alone.
What is included in a property management agreement?
Full-service property management generally includes the following services: rent collection, payment of bills, evictions, tenant screening, advertising vacant units, ongoing maintenance to building exterior and landscaping, and drawing up tenancy or lease agreements.
How much do property management companies charge to manage a rental?
Property management fees are usually charged as a percentage of the weekly rent. They vary greatly between states, and depending on where your house is located, you can expect to pay between 5% to 12%.
What is the purpose of the property management agreement?
As The Landlord: As an investor or property owner signing a property management agreement is a legal document that allows you to enter into a business relationship with a property management company that allows you to have your property managed for a monthly or agreed upon fee.