Property Management Agreement Template - New York

In New York, a New York Property Management Agreement is used to create an agreement between a real estate owner and the individual or company that has been chosen to manage the property of the owner. This is required when the owner does not have the desire or time to solely manage and look after a property, or the opportunity to be on call with tenants. By taking on a manager, the owner shares the fair majority of these tasks with them. This will often include solving tenant queries, advertising and finding new tenants, giving them an excursion of the property, and signing the necessary documents with them. The manager will also take care of the property and make sure that it is in an appropriate state, with all necessary repairs taking place.

For these duties, the manager will receive a payment. The specific conditions surrounding payments will differ between standard monthly payments to a percentage commission. This will depend on the agreed conditions between both parties.

To carry out all functions associated with managing a property, the individual must have a broker's license. A New York Property Management Agreement template can be downloaded by clicking the link below.

Haven't found the template you're looking for? Take a look at the related templates below:

• Eviction Notice Template;
• Rental Inspection Checklist Template;
• Rental Application Form.