Colorado Property Management #112109-Exhibit 24.1: Abbreviated Sample Management Agreement

Exhibit 24.1: Abbreviated Sample Management Agreement

Pdf Summary

This sample management agreement is between an owner of real property and a management agent. The owner desires to engage the services of the agent to manage and operate the property. The agreement outlines the responsibilities of the agent, including managing, leasing, advertising, and maintaining the property. The agent is also responsible for employing and supervising on-site employees or contractors. The agreement includes provisions for insurance coverage, collection of income, and the establishment of a reserve account for expenses. The agent is required to provide monthly and annual reports to the owner, detailing revenues and expenditures. The agent will receive a management fee based on a percentage of the gross receipts collected. The agreement has a specified term and can only be modified in writing and signed by both parties.

Asset Caption

For your viewing pleasure, a sample Property Management Agreement.

Keywords

management agreement

real property

property management

leasing

property maintenance

insurance coverage

income collection

reserve account

financial reports

management fee