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

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Step 1 of 1

Property owner

Owner name? *

Owner address? *

Property manager

Manager / company name? *

Manager address? *

Managed property

Property address(es) managed? *

Management fee amount? *

Enter the number; choose percent or flat fee in the next field.

Fee basis? *

Services manager will perform? *

Spending authority without prior Owner approval ($)?

Optional. Leave blank if not agreed.

Agreement term

Start date? *

Days notice to terminate agreement? *

Which state is this document for? *

About this document, FAQs & related forms

What your Property Management Agreement includes

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

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Readiness check before checkoutSee score, warnings, and missing items

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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?

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