An Ohio Property Management Agreement is created and signed by a company or person that is in agreement to manage a property as well as the owner of the property. This agreement needs to outline all the duties and responsibilities that are expected of the manager and they should be as clear as possible. This often concerns calling out repairs, speaking to tenants, and signing contracts with new tenants if the property does not have existing tenants. When an owner hires a manager, they save an important amount of time by avoiding such jobs. To make up for this, the property manager will get financially compensated - the details of this are discussed before signing the document.
To do all of the jobs relating to property management, the hired individual must have a real estate agent license. This does not concern people hired by the employer directly.
We would strongly recommend obtaining an Ohio Property Management Agreement template which can be downloaded by clicking the link below. It will contain the appropriate language and the correct structure needed to draft the document.
Still looking for a particular template? Take a look at the related templates below: