In Kentucky, a Kentucky Property Management Agreement is signed as a legally binding document between the owner of a property and the party that they have selected to manage the property in question. This document gives the manager legal power to enforce their functions which will have the same weight as if these functions were carried out by the owner. Such functions include but are not limited to finding tenants by organizing an advertising campaign, showing them the property and forming all of the necessary documents as well as taking rent and handing out fines if any violations have occurred. The manager must also answer for the condition of the property and arrange maintenance when required.
In Kentucky, if an individual wants to work as a property manager, they should be sure to obtain a real estate agent license as without this, they cannot legally work in this sphere. To make sure all of the key components are included in the agreement, we would suggest downloading a Kentucky Property Management Agreement template by clicking the link below.
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