Property Management Agreement
A property management agreement is a contract between a property owner and a property manager that authorizes the manager to handle day-to-day operations of a rental property, such as collecting rent, coordinating maintenance, and managing tenant relations, on the owner's behalf. Use this when a property owner is hiring a property manager or management company to run day-to-day operations of a rental property, rather than leasing space directly to a tenant.
What's included
A ready-to-use property management agreement with signature fields already placed for Property Owner and Property Manager. Fill in the bracketed details (like [Company Name] or [Date]) using Docracy's built-in text editor, then send it out for signature.
This is a general template for informational purposes only and does not constitute legal advice. Consult a qualified attorney to review it for your specific situation and jurisdiction before use.
Key clauses
- Scope of management services, including leasing, rent collection, maintenance, and tenant communication
- Management fee and payment structure
- Owner's authorized spending limits for repairs
- Term of the agreement and renewal
- Termination rights and notice period
- Insurance and liability allocation
What you'll fill in
[Property Owner Name][Property Manager/Company Name][Property Address][Management Fee/Percentage][Repair Spending Limit][Term Start Date][Term End Date][Notice Period for Termination]Legal summary
Signing this agreement authorizes the property manager to act on the owner's behalf within the described scope, such as collecting rent and arranging maintenance, and establishes the fee the owner pays for those services. It also defines each party's liability and the process for ending the arrangement, but it does not itself create a lease between the owner and any tenant.
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.
FAQ
Is this Property Management Agreement legally binding?
Signing through Docracy uses a simple electronic signature (SES), which is legally recognized for everyday business agreements under laws like the U.S. ESIGN Act and the EU's eIDAS regulation. This is a general template, not legal advice — for high-stakes or regulated agreements, have a qualified attorney review it for your situation.
Who needs to sign this Property Management Agreement?
This template includes signature fields for Property Owner and Property Manager — already placed, so you just fill in the details and send.
Can I edit this Property Management Agreement before sending it?
Yes — Docracy's editor lets you edit the text, add or remove signature fields, redact sections, and reorder pages before you send it.
Do I need an account to send this Property Management Agreement?
No — it's free for up to 2 signers with no account required. Create a free account only if you want to save it to a dashboard or reuse it later.
Try it with an AI assistant
Paste one of these into ChatGPT, Claude, or your assistant of choice:
“Explain what a Property Management Agreement typically covers before I sign one as a landlord.”
“Help me set an appropriate repair spending limit clause for a property manager handling a single-family rental.”
“Adapt this Property Management Agreement for a landlord who owns multiple rental units.”
Why teams start with Docracy
“Docracy is a great product that I have tested and am using. It is easy to use, has good tools, is always up to date, and implements new features. Highly recommended.”— DACH Advisory
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.