Free Operations Property Management Agreement Template
Operations Property Management Agreement
This Operations Property Management Agreement (the “Agreement”) is made effective as of [Month, Day, Year], between [Your Company Name, located at Your Company Address] (the "Service Provider"), and [Your Client / Subscriber / User Name, located at Client Address](the "Client").
1. PROPERTY MANAGEMENT RESPONSIBILITIES
The Service Provider agrees to manage, operate, and maintain the property solely owned by the Client. The scope of management includes marketing the property, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions, as permitted by law.
2. FINANCIAL ARRANGEMENT
In consideration for the Services, the Client shall pay the Service Provider a base property management fee of [15 %] of the gross collected monthly rents. The Client will also reimburse the Service Provider for any reasonable expenses incurred in connection with the Services under this Agreement.
3. CONFIDENTIAL INFORMATION
Both parties agree to hold each other's Confidential Information in strict confidence and to use it only to perform their respective obligations under this Agreement. "Confidential Information" refers to information about their respective business affairs, vendors, finances, properties, methods of operation, and other sensitive information.
4. TERM AND TERMINATION
The term of this Agreement shall commence on [Month, Day, Year] and remain in effect until terminated by either party upon thirty (30) days' written notice.
5. INDEMNIFICATION AND LIMITATION OF LIABILITY
Both Parties agree to indemnify and hold harmless the other from any damages, losses, or expenses due to their negligence or willful misconduct.
In witness thereof, the parties have executed this Agreement as of [Month, Day, Year].
[Your Name]
_____________________________
[Your Company Name]
[Owner]
[Your Client / Subscriber / User Name]
_____________________________
[CEO]
