This Property Management Agreement (Single Family Home) is between a property owner and a manager who will operate and manage properties which are single family homes. This management arrangement is useful for out-of-state or property owners who own numerous single family homes. This management agreement clearly explains the specific services the property manager will perform, the owner's continuing responsibilities and the property manager's compensation. It is crucial that this business arrangement be memorialized in writing. A written Property Management Agreement will prove invaluable in the event there are disagreements, misunderstandings or miscommunications regarding the management of the single family homes.

This Property Management Agreement (Single Family Home) contains the following provisions:

• Parties/Date: Sets forth the name and address of the property owner, property manager and the date the agreement is signed;
• Appointment/Owners Obligations: Property owner appoints property manager as his/her sole and exclusive agent and agrees to provide the manager with all necessary tools in order to effectively manage the single family home properties;
• Authority of Broker: Sets out in specific detail the services the property manager will provide including rental and leasing authority, maintenance of accurate records, holding of security deposits and day-to-day management duties;
• Broker Fees: Sets out in detail the fees the owner will pay to property manager which include management, leasing and renewal or extension;
• Term and Termination: Sets out the commencement date of the agreement and options under which the agreement can be terminated;
• Expenses: Property manager agrees to bear all reasonable out-of-pocket expenses including attorney and other professional fees;
• Dispute Resolution: Any disputes under this property management agreement will be settled by the American Arbitration Association;
• Signature: Both property owner and property manager must sign the management agreement.

Protect yourself, your rights and your property by purchasing this attorney-prepared form.

This attorney-prepared package includes:

1. General Information
2. Instructions and Checklist
3. Property Management Agreement (Single Family Home)

State Law Compliance: This form complies with the laws of all states