A legally binding contract between a landlord and a property management firm is known as a property management agreement. Usually, the landlord has one or more properties that they would like managed by professionals.
Rent collection, bill payment, evictions, tenant screening, advertising unoccupied units, continuous building exterior and landscaping care, and creating tenancy or lease agreements are typically included in full-service property management. The goal of a property management agreement is to establish a legally binding instrument that spells out the landlord's and property management company's rights and obligations.
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