An Indiana Property Management Agreement clearly lays out the terms and conditions agreed upon by the owner of real estate and the managing party, responsible for managing their property. The specific duties are clearly described which usually involve looking after the state of the real estate and organizing repairs should they be required. Other duties include being on call with tenants, looking for new tenants and signing the relevant documents with them. For this work, the manager will receive either monthly payments or be paid based on a percentage of the rental agreement formed.
In most cases, if an individual wants to work as a property manager they need to firstly present a legitimate real estate agent license. There are however some exceptions. For example, individuals that are directly employed by the owner or those that are employed by a real estate agent - do not need a license in order to carry out these duties.
An Indiana Property Management Agreement template can be downloaded by clicking the link below. This template will contain all of the necessary information to ensure that no small details are missed.
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