A Texas Property Management Agreement is used to detail an agreement composed between the owner of a property and the individual or company hired to maintain their property. The main reason for forming the agreement is to clearly define the conditions and responsibilities that the manager must stick to whilst they are hired by the owner. These responsibilities include keeping records of all documents and answering to tenants. Finances are also controlled by the manager as well as making sure that the property is in a well-off condition. The document also details the financial compensation that the manager will receive in return.
In Texas, it would be illegal to hire a property manager not licensed by the state. For this reason, it is important to find a suitable individual that the owner can trust and would feel comfortable working with, noting down all of the agreed terms in writing.
We would strongly suggest obtaining a template that will use the correct language and will have the necessary clauses needed to create a correct agreement. You will be comfortable knowing that no important details have been emitted. You can download a Texas Property Management Agreement template by clicking the link below.
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