Real Estate Management Agreement
This Real Estate Management Agreement ("Agreement") is entered into as of [Month, Day, Year], by and between: [Your Company Name] [Your Company Address] [Your Company Email] [Your Company Number] [Your Company Website] and [Property Owner's Name] ("Owner") [Property Owner's Address]
Background:
Owner is the legal owner of the property located at [Property Address], hereinafter referred to as the "Property". [Your Company Name] is a licensed real estate management company specializing in property management services.
Agreement:
1. Engagement of Services:
Owner hereby engages [Your Real Estate Company Name] to manage the Property, and [Your Real Estate Company Name] agrees to provide property management services in accordance with the terms and conditions of this Agreement.
2. Term:
The initial term of this Agreement shall be for [Duration] commencing on [Start Date] and terminating on [End Date]. This Agreement may be renewed upon mutual written agreement of both parties.
3. Duties of [Your Company Name]:
a. Rent Collection: [Your Company Name] shall collect all rents due from tenants occupying the Property and shall promptly remit such rents to Owner.
b. Tenant Relations: [Your Company Name] shall address tenant concerns, inquiries, and complaints promptly and professionally.
c. Maintenance and Repairs: [Your Company Name] shall arrange for and supervise all necessary maintenance and repairs to the Property in a timely manner.
d. Financial Reporting: [Your Company Name] shall provide Owner with regular financial statements detailing income and expenses related to the Property.
e. Compliance: [Your Company Name] shall ensure that the Property complies with all applicable laws, regulations, and ordinances.
4. Duties of Owner:
a. Payment of Fees: Owner shall pay [Your Company Name] for the services rendered in accordance with the fee schedule outlined in this Agreement.
b. Property Maintenance: Owner shall maintain the Property in good condition and promptly address any issues brought to their attention by [Your Company Name].
5. Compensation:
In consideration for the services provided under this Agreement, Owner shall pay [Your Company Name] a management fee equivalent to [0%] of the monthly rent derived from the Property.
6. Termination:
Either party may terminate this Agreement upon [0] days' written notice to the other party. In the event of termination, Owner shall pay [Your Company Name] for all services rendered up to the date of termination.
7. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the State of [California], without regard to its conflict of laws principles.
8. Entire Agreement:
This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Real Estate Agent]
[Your Real Estate Company Name]
[CEO]
[Owner's Company Name, if applicable]
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