Management of Single Family House

9/5/2013

This agreement dated __________(1)___________, is made By and
Between ________(2)______________, whose address is
____________(3)______________, referred to as "Owner", AND
____________(4)_________, whose address is
________(5)__________,
referred to as "Agent."

1. Agency. The Owner hereby employs the Agent to lease and
manage the Owner's single family residence (hereinafter
referred to as "Property") located and described as follows:

    (Address or Legal Description)

2. Duties of Agent. In order to properly manage and lease the
property, the Agent shall have the following duties and
responsibilities:

A.   Best Efforts. The Agent shall use its best efforts to
attract and retain tenants for the property.

B.   Lease Negotiations. The Agent shall handle all
negotiations with tenants with respect to leases. All such
agreements are subject to the approval of the Owner. However,
the Owner may provide the Agent with authorization to lease
under certain specified terms and conditions.

C.   Employees. The Agent shall employ, supervise, discharge,
and pay all employees or independent contractors who are
reasonably required in the proper management and operation of
the property. The Agent shall pay all employees and
independent contractors and fully complete all necessary
federal tax returns and payments of related taxes on behalf of
the Owner.

D.   Supplies. The Agent shall purchase all necessary supplies
for the proper management of the property. This includes
heating fuel where applicable.

E.   Repairs and Maintenance. The Agent shall contract for or
undertake the making of all necessary repairs and the
performance of all other necessary work for the benefit of the
property including all required alterations to properly carry
out this contract. However, no expenses shall be incurred for
such matters in excess of Fifty Dollars ($50.00) for any
single item without the express consent of the Owner, except
where required during an emergency.

F.   Mortgages and Other Expenses. From the rents received the
Agent shall pay all operating expenses and such other expenses
as requested by the Owner. This may include the payment of
mortgages or taxes.

G.   Miscellaneous. The Agent shall also perform all other
necessary tasks and do all other things as required for the
proper management, upkeep and operation of the property as
customarily be performed by a Managing Agent of this type of
property. This includes handling of all inquiries and requests
from the tenants.

H.   Collection of Rents. The Agent shall collect the rents
and other income from the property promptly when such amounts
come due taking all necessary steps to collect same and
performing all reasonable acts on behalf of the Owner for the
protection of the Owner in collection of such amounts.

I.   Financial Records. All monies collected by the Agent
shall be deposited into a special bank account or accounts as
required by the Owner. Such monies of the Owner shall not
become mingled with funds of the Agent. However, the Agent may
withdraw monies from such accounts as necessary to properly
perform this contract and in payment of compensation as
required by this contract. The Agent shall provide the Owner
with periodic statements accounting for all expenses and will
open its records to the Owner upon demand.

J.   Payments to Owner. The Agent will make payments to the
Owner from time to time from the funds being held by the
Agent.

3. Compensation of Agent. The Owner shall pay the Agent as
full compensation for the services of the Agent the sum of
___(6)____ Dollars ($________) per month. These amounts shall
be payable to the Agent when such funds become available from
the amounts collected by the Agent according to this contract.

4. Duties of the Owner. The Owner will provide all necessary
documents and records and fully cooperate with the Agent in
all matters with respect to this contract. The Owner will
provide the Agent with evidence of insurance which evidence
the Agent shall examine to determine the adequacy of coverage.
If necessary, additional insurance of changes in insurance
coverage may be made upon the approval of the Owner.

5. Indemnity. The Owner shall indemnify and hold the Agent
completely harmless with respect to liability and damages,
costs and expenses in connection with any damage or injury
whatsoever to persons or property arising out of the use,
management, operation, occupation, ownership, maintenance or
control of the property or out of any matter or thing with
respect to which it is elsewhere in this contract provided or
agreed that the Agent shall not be under responsibility.
However, the Owner will not indemnify the Agent against the
willful misconduct of the Agent.

6. Term of Contract. This contract shall continue for a period
of one year from the date hereof, and shall be automatically
renewed from year to year unless terminated by either party
upon written notice sent to the other party not less than
fifteen (15) days before any expiration date.

7. Termination of Contract. This contract may be terminated at
any time by the Owner upon giving the Agent thirty (30) days
written notice in the event of a bona fide sale of the
property, and without notice in the event the Agent fails to
discharge the duties of the Agent faithfully in the manner
herein provided.

8. Notices. All written notices to the Owner or to the Agent
may be addressed and mailed, by United States registered mail,
to the address above written.

9. Modification. This contract may not be modified, altered,
or amended in any manner except by an agreement in writing
executed by the parties hereto.

10. Who is Bound. This contract is binding upon the parties
hereto, their representatives, successors and assigns.

11. Signatures. Both the Owner and the Agent agree to this
contract.

Witnessed By:

_________(7)______________  _________(8)____________
     "OWNER"

_________(7)______________  _________(9)____________
     "AGENT"

Notice

The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

Related Articles

Declaration of Life Insurance Trust

9/6/2013

Sample legal document: "Declaration of Life Insurance Trust."

Joint Venture Agreement

10/20/2013

Sample legal document: "Joint Venture Agreement."

Assignment of Stock Certificate

10/20/2013

Sample legal document: "Assignment of Stock Certificate."

General Release

9/7/2013

Sample legal document: "General Release."

Assignment of Contract for Purchase of Real Estate

10/20/2013

Sample legal document: "Assignment of Contract for Purchase of Real Estate."

Contract for Sale and Purchase

9/5/2013

Sample legal document: "Contract for Sale and Purchase."

Agreement Between Owner and Contractor

10/20/2013

Sample legal document: "Agreement Between Owner and Contractor."

General Power of Attorney

9/6/2013

Sample legal document: "General Power of Attorney."

Assignment of Real Estate Purchase and Sale Agreement

10/20/2013

Sample legal document: "Assignment of Real Estate Purchase and Sale Agreement."

Automobile Rental Agreement

10/20/2013

Sample legal document: "Automobile Rental Agreement."

Terms of Use

All content provided on this website is for general informational purposes only. No warranty is expressed or implied. Your use of this website is subject to our Terms of Use.