Overview

What this agreement covers and how we will manage your property.

Dear Sarah Mitchell

Thank you for selecting Acme Climate Co. as your Property Manager. This agreement outlines the services we will provide to support the day-to-day management, leasing, and maintenance of your property at [PropertyAddress].

Our goal is to deliver consistent property performance through professional tenant management, proactive upkeep, and clear financial reporting.

Key Details

A quick snapshot of the engagement.

• Owner: [OwnerName] (“Owner”)

• Manager: Acme Climate Co. (“Manager”)

• Property: [PropertyAddress], [City] (“Property”)

• Term: [InitialTerm] (e.g., 12 months)

• Disbursement Date: [DisbursementDate] each month

• Payment Method: [Cheque / Electronic Transfer]

Services Provided

The management services included under this agreement.

Authority

Manager Authority

What the Manager is authorised to do on the Owner’s behalf.

Owner authorises Manager to perform business-related transactions necessary to manage the Property, including leasing, rent collection, coordinating maintenance, and communicating with tenants and suppliers, subject to the limits and approvals set out in this Agreement.

Exclusivity of Services

Ensuring consistent management and leasing responsibility.

Manager has the exclusive right to manage and lease the Property for the duration of this Agreement. The parties agree Manager is the procuring cause of any lease or lease agreement during the term, whether entered in writing or orally.

Rent Collection & Owner Disbursement

How rent is collected and how funds are paid to the Owner.

• Manager will collect rent from tenants on or before the due date and issue receipts.

• Owner will be paid income monthly, less agreed fees and authorised expenses.

• Disbursement to Owner will occur on or before [DisbursementDate] each month, subject to tenant payment clearance.

• Manager will provide monthly accounting of income and expenses for Owner’s records.

Fees

Should Property be sold to any tenant or other party during or after the terms of this agreement, Manager will be considered integral to such sales and therefore entitled to [Sales Percentage] percent commission on the gross sale price. Additionally, Manager can list Property at the request of Owner for the agreed upon commission rate if a sale is made.

Rental Rates

Pricing guidance and approval boundaries.

Manager will base rental rates on commercially reasonable rates for the region. Manager may adjust rents within [x] of the agreed pricing band. Offers outside the agreed band will be presented to Owner for review and approval.

Unit Pricing

Advertising & Tenant Screening

Manager is responsible for advertising, coordinating enquiries, screening applicants for suitability and ability to pay, and managing lease agreements, renewals, and terminations. Manager may take reasonable steps to recover unpaid rent or costs associated with tenant damage where lawful.

Risk, Insurance & Legal Protections

Agency Appointment

Authority to act for the Owner.

Manager shall be considered an agent of Owner, given full authority to perform necessary actions to evict tenants and/or collect unpaid rent. Manager has the right to enter Property at any time during the length of this property management agreement.

Limitation Of Liability

Reasonable protections for both parties.

Manager, and all employees or independent contractors hired by Manager, shall have no liability under this agreement, including such liability related to injury to persons or damage to Property under Manager’s supervision, except in instances of gross negligence or willful misconduct by Manager.

Insurance

Insurance responsibilities and coverage expectations.

Owner is responsible for obtaining and paying for general liability insurance and other necessary insurance to protect the interests of Manager and all associated personnel.

Terms And Termination

When the agreement starts, how it renews, and how it ends.

Manager and Owner enter into this property management agreement on [Contract.Start.Date]. This agreement shall automatically renew after one year unless Owner provides 60 days prior notice in writing to Manager.

Agreement Acceptance

Formal confirmation of the management arrangement.

This property management agreement begins as of:

This agreement is entered into by and Sarah Mitchell for the Property at [Address] in [City].

Name: Sarah Mitchell