Management Agreement
| Agreement Term | Standard Provision |
| Scope of services | Detailed list of management responsibilities |
| Fee structure | Percentage of rent or flat monthly fee |
| Authority limits | Spending approval thresholds |
| Reporting requirements | Monthly financial and operational reports |
| Contract duration | 12 months typical, renewable |
| Termination notice | 30 to 90 days required |
| Manager Obligations | Owner Obligations |
| Rent collection | Provide property access and documents |
| Tenant screening | Pay agreed management fees |
| Maintenance coordination | Approve major expenditures |
| Legal compliance | Maintain property insurance |
| Financial reporting | Fund operating accounts |
| Emergency response | Respond to owner inquiries |
Related Terms
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