Disclaimer
The information provided is intended solely as a general example related to property management agreements in the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample Management Contract template for the US, provided for illustrative purposes only. Actual terms may vary depending on specific agreements and applicable laws.
Management Contract (Sample US Template)
Parties Involved:
Manager: XYZ Property Management LLC
Address: 123 Business Rd, New York, NY 10001
Owner: John Doe
Address: 456 Maple Street, New York, NY 10002
Property Description:
The managed property is located at 789 Oak Avenue, New York, NY 10003, or as further specified in subsequent arrangements.
Management Term:
This agreement commences on ____________________ and continues for a period of __________ months/years, unless terminated earlier in accordance with this contract.
Management Fees:
The Owner agrees to pay the Manager a fee of __________% of the gross rental income, payable monthly/quarterly, or as otherwise specified herein.
Manager Responsibilities:
The Manager shall oversee daily operations, collect rent, coordinate maintenance, and ensure compliance with applicable laws and standards of property management.
Governing Law:
This agreement shall be governed by the laws of the State of New York. Any disputes shall be resolved within the courts of New York County.
Additional Provisions:
- The Owner grants the Manager authority to perform maintenance and necessary repairs within budget limits.
- This agreement may only be amended in writing signed by both parties.
- Management fees are payable regardless of rental income collection, unless otherwise agreed.
New York, ______________________
John Doe (Owner)
XYZ Property Management LLC (Manager)