An Arkansas Property Management Agreement gives an individual legal permission to manage and maintain a property as allowed by the owner of the property. The main functions of the manager include overseeing and controlling the maintenance of the property as well as controlling the rental agreements and the associated financial aspects. If the property requires new tenants, the manager is responsible for organizing open days and signing rental agreements. Throughout this period, the manager would be the first point of contact if the tenants have any queries that need resolving or any general inquiries. For this, the manager would receive financial compensation either in the form of a monthly payment or as a percentage of the rent paid by tenants.
However, it is important to be aware that in the state of Arkansas, if you want to legally manage a property you should own a broker's license.
An Arkansas Property Management Agreement template can be downloaded by clicking the link below.
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