Phoenix Arizona Management Agreement Between Owner and Agent

• Category: Employment - Agreements
• State: Multi-State
• City: Phoenix
• Control #: US-13394BG
• Format: Word; Rich Text

Description

A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise that performs the necessary managerial functions in return for a fee. A Phoenix Arizona Management Agreement Between Owner and Agent is a legally binding contract that defines the terms and conditions of the relationship between a property owner and a property management agent in Phoenix, Arizona. This agreement outlines the responsibilities and obligations of both parties involved. Here are the details you need to know: 1. Parties involved: The agreement clearly identifies the property owner, referred to as the "Principal," and the property management agent, referred to as the "Agent." 2. Property details: The agreement specifies the property's address and any relevant details such as the type of property (residential or commercial), size, and unique characteristics. 3. Services provided: The agreement outlines the specific services to be provided by the property management agent. These services may include marketing the property, tenant screening and selection, rent collection, property maintenance and repairs, lease agreement management, accounting and financial reporting, and eviction procedures. 4. Duration and termination: The agreement states the duration of the contract, typically expressed in months or years. It also outlines the circumstances under which either party can terminate the agreement before its expiration, such as breach of contract or non-performance. 5. Compensation: The agreement details how the property management agent will be compensated for their services. This may be a percentage of the monthly rental income, a fixed fee, or a combination of both. The agreement should also specify any additional fees that may be charged, such as leasing or maintenance fees. 6. Owner's obligations: The agreement outlines the owner's responsibilities, which may include providing necessary documentation and permits, maintaining the property's insurance coverage, and promptly addressing any tenant-related issues brought to their attention. 7. Agent's obligations: The agreement specifies the agent's obligations, which typically include acting in the best interests of the owner, executing leases, collecting rent, communicating with tenants, coordinating maintenance and repairs, and complying with relevant laws and regulations. 8. Dispute resolution: The agreement may include a section that outlines the process for resolving disputes between the owner and the agent, such as mediation or arbitration, to avoid costly litigation. Different types of Phoenix Arizona Management Agreements Between Owner and Agent may include variations based on the scope of services provided, the type of property being managed (residential or commercial), and the duration of the contract. For example, there may be separate agreements for long-term residential rentals, vacation rentals, or commercial properties.

A Phoenix Arizona Management Agreement Between Owner and Agent is a legally binding contract that defines the terms and conditions of the relationship between a property owner and a property management agent in Phoenix, Arizona. This agreement outlines the responsibilities and obligations of both parties involved. Here are the details you need to know: 1. Parties involved: The agreement clearly identifies the property owner, referred to as the "Principal," and the property management agent, referred to as the "Agent." 2. Property details: The agreement specifies the property's address and any relevant details such as the type of property (residential or commercial), size, and unique characteristics. 3. Services provided: The agreement outlines the specific services to be provided by the property management agent. These services may include marketing the property, tenant screening and selection, rent collection, property maintenance and repairs, lease agreement management, accounting and financial reporting, and eviction procedures. 4. Duration and termination: The agreement states the duration of the contract, typically expressed in months or years. It also outlines the circumstances under which either party can terminate the agreement before its expiration, such as breach of contract or non-performance. 5. Compensation: The agreement details how the property management agent will be compensated for their services. This may be a percentage of the monthly rental income, a fixed fee, or a combination of both. The agreement should also specify any additional fees that may be charged, such as leasing or maintenance fees. 6. Owner's obligations: The agreement outlines the owner's responsibilities, which may include providing necessary documentation and permits, maintaining the property's insurance coverage, and promptly addressing any tenant-related issues brought to their attention. 7. Agent's obligations: The agreement specifies the agent's obligations, which typically include acting in the best interests of the owner, executing leases, collecting rent, communicating with tenants, coordinating maintenance and repairs, and complying with relevant laws and regulations. 8. Dispute resolution: The agreement may include a section that outlines the process for resolving disputes between the owner and the agent, such as mediation or arbitration, to avoid costly litigation. Different types of Phoenix Arizona Management Agreements Between Owner and Agent may include variations based on the scope of services provided, the type of property being managed (residential or commercial), and the duration of the contract. For example, there may be separate agreements for long-term residential rentals, vacation rentals, or commercial properties.