A Salt Lake Utah Property Manager Agreement is a legally binding contract between a property owner or landlord and a self-employed independent contractor who will be managing and overseeing the property on their behalf. This agreement outlines the specific responsibilities, duties, and terms of the property manager's role. The agreement typically covers various important aspects, including but not limited to: 1. Parties involved: The agreement identifies the property owner or landlord, referred to as the "Principal", and the self-employed independent contractor, known as the "Property Manager". 2. Scope of services: The agreement details the specific tasks and duties the property manager will perform to effectively manage the property. This may include rent collection, tenant screening and selection, property maintenance, repairs, lease enforcement, and financial management. 3. Compensation and fees: The agreement specifies the compensation structure for the property manager's services. This may include a fixed monthly fee, a percentage of the property's rental income, or a combination of both. It may also outline any additional fees, such as leasing or maintenance fees, and how they will be charged. 4. Term and termination: The agreement establishes the initial term of the contract, including the start and end dates. It may also include provisions for renewal or termination, along with any required notice periods or conditions for termination. 5. Property owner's and manager's obligations: The agreement outlines the obligations and responsibilities of both parties. The property owner must provide necessary information, access to the property, and documentation related to the property. The property manager is responsible for carrying out their duties in a professional and timely manner, complying with all legal requirements, and acting in the best interest of the property owner. 6. Confidentiality and non-disclosure: This section ensures that any confidential or proprietary information shared between the parties remains confidential and not disclosed to any third parties without prior written consent. 7. Governing law and dispute resolution: The agreement specifies the governing law of the contract, usually the laws of the state of Utah, and outlines the process for resolving disputes, which may include mediation or arbitration. Different types of Salt Lake Utah Property Manager Agreements may vary based on factors such as the size and type of property being managed, the specific services required, and the unique preferences or requirements of the property owner. Some variations might include agreements for residential properties, commercial properties, vacation rentals, or multi-unit apartment complexes. It is important for both parties to carefully review and customize the agreement to suit their individual needs and circumstances.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.