Property Management Contract (Affiliated) (Simple)

The Property Management Contract (Affiliated) (Simple) is a legal template designed for property owners who wish to outsource the management responsibilities of their real estate assets to a professional property management company. This contract establishes a formal agreement between the property owner, referred to as the principal, and the property management company, referred to as the agent, outlining the terms and conditions of their working relationship.

The template covers fundamental aspects of the agreement, including the agent's duties and responsibilities, the scope of services to be provided, the compensation structure, and the duration of the contract. It may also address issues such as the agent's authority to enter into contractual agreements on behalf of the principal, maintenance and repair obligations, insurance requirements, termination provisions, and dispute resolution mechanisms.

This property management contract aims to ensure clarity and protection for both the property owner and the management company involved, providing a solid legal framework to govern the parties' cooperation. While the template is designed to be simple, it should be customized and tailored to the specific needs and requirements of the parties involved.