Asset Management Agreement

• Category: Contracts - Misc.
• State: Multi-State
• Control #: US-C-M-1030-01
• Format: Word; Rich Text

Description

An asset management agreement is a real estate agreement that determines the rights and obligations of both parties, typically a property owner and a property management company. The property owner is entering into a deal with a property management company to manage the property on its behalf. Asset management agreements go over the fees a property management company will require for this service, the rights and responsibilities of the property owner, and what is expected from the property management company, such as reporting and maintenance. These agreements are commonly used to facilitate managing a multi-family apartment community.