Management Agreement Template – US

Disclaimer

The information provided is intended solely as a general example for illustrative purposes related to property management agreements in the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Regulations and requirements may vary depending on the jurisdiction, and adjustments may be necessary to ensure compliance with local laws. The use of this example is at the user’s own risk, and we accept no liability for any errors, omissions, or consequences resulting from its use without professional legal review.

Please note: This is a sample Management Agreement template for the United States, intended for illustrative purposes only. Actual terms may vary based on specific circumstances and applicable laws.

Sample Management Agreement (US)

Parties Involved:

Manager: XYZ Property Management LLC
Address: 123 Main Street, New York, NY 10001

Owner: John Doe
Address: 456 Elm Street, New York, NY 10002

Property Description:

This agreement pertains to the management of the residential property located at 789 Pine Avenue, New York, NY 10003, or other designated property as agreed upon.

Management Responsibilities:

The manager agrees to oversee day-to-day operations, maintenance, rent collection, and tenant relations for the property, ensuring compliance with applicable laws and standards.

Compensation:

The owner shall pay the manager a fee of 8% of gross monthly rental income, payable monthly, subject to adjustments as specified herein.

Term and Termination:

This agreement shall commence on [Start Date] and shall continue for a period of one year, renewable upon mutual agreement. Either party may terminate with 30 days’ written notice.

Governing Law:

This agreement shall be governed by the laws of the State of New York. Disputes will be resolved in the courts of New York County.

Additional Provisions:

• The owner agrees to provide all necessary documents and access required for property management.
• This agreement can only be amended in writing signed by both parties.
• Any disputes shall be resolved through arbitration in accordance with the rules of the American Arbitration Association.

New York, ______________________