What is a property management?

A property management is a legal document that establishes rights, obligations, and terms between parties. It provides clarity, legal protection, and enforceability for the relationship or transaction it governs.

Do I legally need a property management?

While not always legally required, having a written property management is strongly recommended. Without documentation, you may have difficulty proving agreed terms or enforcing your rights if disputes arise.

Is a verbal agreement enforceable?

Verbal agreements can be legally binding but are extremely difficult to prove in court. A written property management provides clear evidence of terms and is always recommended over verbal agreements.

What should be included in a property management?

A comprehensive property management should include: party identification, clear statement of purpose, detailed terms and conditions, rights and obligations of each party, payment terms (if applicable), termination provisions, default remedies, and governing law.

How do I use this automated AI form assistance?

Simply fill out the step-by-step form with your specific information. Our system automatically generates a professionally formatted document based on your inputs. Review the generated document and download it as PDF or Word for signing and use.

Can I customize the document?

Yes, you can add specific terms, conditions, and provisions through our form. After generation, you can further edit the Word document to include any additional custom clauses needed for your situation.

Property Management Agreement

Create a professional Property Management Agreement in minutes. Generate free — download from $4.99. No subscription.

Step 1 of 1

Property owner

Owner name?

Full legal name for owner name as it should appear on the document.

Example: Jordan Lee

Owner address?

Manual entry always works. Street address (not a P.O. box unless that is the official mailing address).

Street address (not a P.O. box unless that is the official mailing address).

Example: 123 Main St, Suite 200

Property manager

Manager / company name? Same as landlord

Full legal name for manager name as it should appear on the document.

Example: Jordan Lee

Manager address? Same as landlord address

Manual entry always works. Street address (not a P.O. box unless that is the official mailing address).

Street address (not a P.O. box unless that is the official mailing address).

Example: 123 Main St, Suite 200

Managed property

Property address(es) managed?

Manual entry always works. Street address of the rental unit (not a P.O. box).

Street address of the rental unit (not a P.O. box).

Example: 123 Main St, Apt 4B

Identifies the leased premises in the lease.

Management fee (% or flat)?

Enter management fee in dollars (or percent for rates).

Example: 50

Services manager will perform?

Optional details for services included. Keep it concise — only what the document needs.

Agreement term

Start date?

The date this agreement becomes effective.

Example: today or the new term start

Appears as the effective date on the document.

Days notice to terminate agreement?

Short answer for termination notice days. Keep it specific enough to appear in the document.

Which state is this document for?

Choose the state where the rental property is located.

What does this mean?

Governing law. This is the state whose laws apply if there is a dispute. For a lease, pick the property's state - not where you live if that is different.

Preview free · Plans from $4.99 · No subscription · Templates are not legal advice.

What your Property Management Agreement includes

Title Block
Opening
Parties
Managed Property
Services
Compensation
Term
Governing Law
Signature Block

Why LeaseCraft?

Professional formattingAttorney-style structure landlords recognize

Built from your answersNot a blank template — personalized to your situation

Readiness check before checkoutSee score, warnings, and missing items

Edit before you payFix typos on preview — no wizard restart

No subscriptionPlans from $4.99

Why not just use a free template?

Free templates often leave blanks, include irrelevant clauses, miss key terms, and require you to know what to edit. LeaseCraft builds the document from your answers, checks for missing details, shows optional protections, and provides PDF/DOCX files ready for review and signing.

Frequently Asked Questions about Property Management Agreement

A Property Management Agreement documents owner hires a manager to operate rental property. It is designed for commercial real estate use cases.

When properly completed and signed, it creates a written record of agreed terms. Have an attorney review important transactions.

You will need: Title Block, Opening, Parties, Managed Property.

Property Management Agreement

Property owner

Property manager

Managed property

Agreement term

Review your answers

What your Property Management Agreement includes

Why LeaseCraft?

Why not just use a free template?

Frequently Asked Questions about Property Management Agreement

What is a Property Management Agreement?

Is this Property Management Agreement enforceable?

What information do I need to create a Property Management Agreement?

Related documents