A Louisiana Property Management Agreement is used to clearly detail the agreement formed between the owner of real estate and the individual/company that they have hired to maintain and manage their property. The purpose of the agreement is to unambiguously outline the duties and responsibilities that the manager must carry out during the period of time that they are hired by the owner. These duties include keeping all documental records, being responsible for tenants and finances as well as ensuring that the property is in an adequate condition. The agreement also stipulates the financial reward that the manager will receive.
In Louisiana, it would be considered illegal to hire a property manager that is not licensed and does not have a real estate license. Therefore it is crucial to find the correct, suitable individual and note down all of the terms in writing.
We would highly recommend obtaining a template that will not only use the correct language but will also have the necessary structure required to create an acceptable agreement. You will be assured that no details are missed.
You can download a Louisiana Property Management Agreement template by clicking the link below.
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