A Delaware Property Management Agreement is a legal document signed between the owner of a property and the party they have hired to manage their property for them. By signing this agreement, the manager will gain certain rights regarding the property which are usually only given out to landlords. Such functions typically include working with tenants, being on call with them, answering any questions, and finding new ones should this be required. If new tenants are required, the manager must find suitable tenants and arrange viewings, and sign contracts with them. They are completely responsible for all documents and finances concerning the property. Apart from this, a manager must also ensure that the property is kept in shape and that any problems are fixed.
To carry out all of these functions, specifically those relating to renting - the manager would require a real estate license. However, if the functions of the individual do not concern rent, they would not require a license.
We would recommend downloading an editable template that will detail all of the important clauses within, ensuring the appropriate language is used. A Delaware Property Management Agreement template can be downloaded by clicking the link below.
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