A Wyoming Property Management Agreement gives owners of a property the right to grant a property manager permission to perform concrete functions that are explained in the document. The selected manager can be a private individual or may be a business related to property management. The duties involve the manager looking after the house and ensuring that maintenance is carried out as well as forming a close working relationship with tenants. This involves being consistently available to speak to tenants if they raise any questions, signing any relevant documents, and collecting rent. In instances when tenants breach the contract, any fees that need to be applied should be applied and controlled by the manager.
In Wyoming, if the property manager is to carry out all of the functions described above, this would be classed as real estate activity. This means that without a valid real estate license, this person would be considered to be working illegally under state law.
You can download a Wyoming Property Management Agreement template by clicking the link below. The template has a correctly formed structure that can be applied to any case.
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