A strong property management relationship depends on clarity—clear responsibilities, clear financial terms, and clear expectations on both sides. This Property Management Agreement gives property owners and managers a structured, easy-to-understand framework that outlines exactly how the property will be managed, what services are included, and how compensation works. Designed to prevent miscommunication and protect both parties, it’s fully customizable in Word and works for any type of rental property.
What Makes It Different
• Created with legal insight for balanced protection of both owner and manager
• Fully customizable in Word, plus a fill-in PDF for quick use
• Lifetime access so you can reuse and update it anytime
• Straightforward language—professional, clear, and free of unnecessary legal complexity
What’s Inside
• Defined scope of management services: tenant screening, leasing, rent collection, inspections, maintenance, and more
• Management fee structure, leasing fees, and additional service charges
• Responsibilities of both the owner and the manager to avoid confusion or overlap
• Liability protections and limitations to reduce financial and legal risk
• Termination terms outlining how either party can end the agreement
• Insurance expectations and compliance requirements
Why You Need It
• Prevents disputes by outlining services, payments, and responsibilities upfront
• Protects managers from liability tied to tenant actions or property conditions
• Helps owners understand exactly what is (and isn’t) included in management services
• Provides a clear legal framework if issues arise with payment, performance, or termination
• Works for rental homes, multi-unit properties, vacation rentals, and more—valid across all U.S. states
Use It For
• Property owners hiring a management company or independent manager
• Property managers offering services to landlords or investors
• Real estate investors managing multiple rental properties
• Homeowners needing oversight for vacation or short-term rentals
• Any rental property requiring a formal, enforceable management agreement
How It Works
• Download instantly
• Edit in Word or complete the PDF
• Send digitally or print for signatures
• Reuse anytime with lifetime access
Legal Disclaimer
These templates are for educational and informational purposes only and do not constitute legal advice. OVIDIA. is not a law firm, and purchasing or using these templates does not create an attorney–client relationship. Customize documents for your specific needs and consult a licensed attorney in your jurisdiction for legal guidance.
