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.
The Harris Texas Property Manager Agreement is a legally binding contract between a property owner or an investor (referred to as the "Principal") and a property manager (known as the "Agent") in Harris County, Texas. This agreement outlines the specific roles, responsibilities, and expectations of both parties involved in the management of a property. The agreement ensures a smooth operation in terms of leasing, maintenance, and profitability of the property. In Harris County, there are typically two common types of Property Manager Agreements: 1. Residential Property Manager Agreement: This type of agreement is specific to residential properties such as single-family homes, apartments, condominiums, or townhouses. It establishes the responsibilities of the property manager regarding tenant screening, lease preparation, rent collection, maintenance coordination, and other day-to-day operations related to residential rental properties. 2. Commercial Property Manager Agreement: This type of agreement is designed for commercial properties like office buildings, retail centers, industrial warehouses, and mixed-use developments. It outlines the property manager's duties related to lease negotiations, rent collection, property maintenance, tenant relations, and compliance with local regulations specific to commercial real estate. Within these types of agreements, specific clauses and provisions may vary depending on the unique requirements of the property owner and the property manager. Some common elements contained in a Harris Texas Property Manager Agreement include: a. Term Length: This clause specifies the duration of the agreement, whether it is a fixed term or an ongoing arrangement that can be terminated with notice. b. Compensation and Fees: This section outlines the property manager's compensation structure, covering details such as a flat monthly fee, a percentage of collected rent, or a combination of both. Additionally, it may specify any additional fees the property owner is responsible for, such as advertising or maintenance expenses. c. Services Provided: This clause enumerates the specific services the property manager will perform, including marketing the property, tenant screening, rent collection, property maintenance, accounting, and financial reporting. d. Owner Responsibilities: This section outlines any responsibilities that the property owner needs to fulfill, such as providing necessary property documentation, ensuring property insurance coverage, and maintaining compliance with applicable laws and regulations. e. Termination Clause: This provision outlines the process for ending the agreement, including notice period and any penalties or conditions that apply. f. Dispute Resolution: This section establishes the method for resolving any disputes that may arise between the property owner and the property manager, whether through mediation, arbitration, or litigation. Overall, the Harris Texas Property Manager Agreement is a comprehensive document that establishes the terms and conditions under which a property owner entrusts the management of their property to a professional property manager. It ensures a clear understanding of expectations, protects the rights of both parties, and promotes a mutually beneficial working relationship.The Harris Texas Property Manager Agreement is a legally binding contract between a property owner or an investor (referred to as the "Principal") and a property manager (known as the "Agent") in Harris County, Texas. This agreement outlines the specific roles, responsibilities, and expectations of both parties involved in the management of a property. The agreement ensures a smooth operation in terms of leasing, maintenance, and profitability of the property. In Harris County, there are typically two common types of Property Manager Agreements: 1. Residential Property Manager Agreement: This type of agreement is specific to residential properties such as single-family homes, apartments, condominiums, or townhouses. It establishes the responsibilities of the property manager regarding tenant screening, lease preparation, rent collection, maintenance coordination, and other day-to-day operations related to residential rental properties. 2. Commercial Property Manager Agreement: This type of agreement is designed for commercial properties like office buildings, retail centers, industrial warehouses, and mixed-use developments. It outlines the property manager's duties related to lease negotiations, rent collection, property maintenance, tenant relations, and compliance with local regulations specific to commercial real estate. Within these types of agreements, specific clauses and provisions may vary depending on the unique requirements of the property owner and the property manager. Some common elements contained in a Harris Texas Property Manager Agreement include: a. Term Length: This clause specifies the duration of the agreement, whether it is a fixed term or an ongoing arrangement that can be terminated with notice. b. Compensation and Fees: This section outlines the property manager's compensation structure, covering details such as a flat monthly fee, a percentage of collected rent, or a combination of both. Additionally, it may specify any additional fees the property owner is responsible for, such as advertising or maintenance expenses. c. Services Provided: This clause enumerates the specific services the property manager will perform, including marketing the property, tenant screening, rent collection, property maintenance, accounting, and financial reporting. d. Owner Responsibilities: This section outlines any responsibilities that the property owner needs to fulfill, such as providing necessary property documentation, ensuring property insurance coverage, and maintaining compliance with applicable laws and regulations. e. Termination Clause: This provision outlines the process for ending the agreement, including notice period and any penalties or conditions that apply. f. Dispute Resolution: This section establishes the method for resolving any disputes that may arise between the property owner and the property manager, whether through mediation, arbitration, or litigation. Overall, the Harris Texas Property Manager Agreement is a comprehensive document that establishes the terms and conditions under which a property owner entrusts the management of their property to a professional property manager. It ensures a clear understanding of expectations, protects the rights of both parties, and promotes a mutually beneficial working relationship.
