Property Management Agreement

This Agreement is made and entered in this _(1)_ day of
________(2)________, 20_(3)_, between
_________(4)____________, of
________________(5)__________________, hereinafter called
"Owner", and __________(6)__________, of
______________(7)________________, hereinafter called

Owner hereby employs the services of the Manager to manage,
operate, control, rent and lease the following property:

(Insert Description of Property)

Responsibilities of Manager

The Owner hereby appoints Manager as his lawful agent and
attorney-in-fact with full authority to do any and all lawful
things necessary for the fulfillment of this Agreement,
including the following:

1.   To collect all rents due and as they become due, giving
receipts therefore; to render to the Owner a monthly
accounting of rents received and expenses paid out; and to
remit to the Owner all income, less any sums paid out.

2.   To make or cause to be made all decorating, maintenance,
alterations and repairs to said property and to hire and
supervise all employees and other labor for the accomplishment
of same.

3.   To advertise the property and display signs thereon; to
rent and lease the property; to sign, renew and cancel rental
agreements and leases for the property or any part thereof; to
sue and recover for rent and for loss of or damage to any part
of the property and/or furnishings thereof; and, when
expedient, to compromise, settle and release any such legal
proceedings or lawsuits.

Liability of Manager

Owner hereby agrees to hold Manager harmless from any and all
claims, charges, debts, demands and lawsuits, including
attorney's fees related to his management of the
herein-described property, and from any liability for injury
on or about the property which may be suffered by any
employee, tenant or guest upon the property.

Compensation of Manager

Owner agrees to compensate Manager as follows:

Term of Agreement

The term of this Agreement shall commence on the _(8)_ day of
______(9)_______, 20_(10)_, and end on the _(11)_ day of
_____(12)_______, 20_(13)_.

Upon expiration of the above initial term, this Agreement
shall automatically be renewed and extended for a like period
of time unless terminated in writing by either party 30 days
prior to the date for such renewal.

This Agreement may also be terminated by mutual agreement of
the parties at any time upon payment to Manager of all fees,
commissions and expenses due Manager under terms of this

Extent of Agreement

This document represents the entire Agreement between the
parties hereto.

IN WITNESS WHEREOF, the parties hereto hereby execute this
Agreement on the date first above written.




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.

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