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North Carolina Property Manager Agreement

North Carolina Agreement

Name: North Carolina Property Manager Agreement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.64 (349 reviews)

Category:

North Carolina Landlord Tenant - Property Management

State:

North Carolina

Control #:

NC-838LT

Format:

Instant download

Description Property Manager Agreement Sample

This Property Manager Agreement is an employment contract. A Property Manager Agreement is a contract containing terms and conditions of employment of property manager by owner of rental property. This form is compliant with state statutory law.

View North Carolina Residential Landlord Tenant Rental Lease Forms and Agreements Package

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FAQ

Must North Carolina property management companies have a real estate broker's license? YES.If a property manager is going to lease, rent, or list, or offers to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Fees and services. The exact breakdown and total of all services and associated fees should be included in the property management contract. The responsibilities of the property owner. Equal opportunity housing. Liability. Contract duration. Termination clause.

The percentage collected will vary, but is traditionally between 8% and 12% of the gross monthly rent. Managers will often charge a lower percentage, between 4% and 7%, for properties with 10 units or more or for commercial properties, and a higher percentage, 10% or more, for smaller or residential properties.

A property management agreement is a contract between a property owner and the company or person hired to manage the property.A well-drafted agreement includes a clause about the type of insurance coverage a building owner must carry for the building.

North Carolina Agreement

Description Property Manager Agreement Sample

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Do you need a real estate license to be a property manager in NC?

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