Property management agreements

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A property management agreement is more than just a contract—it’s the foundation of a partnership between a property owner and a property management company.

A property management agreement outlines the duties, responsibilities, and expectations on both sides, creating a framework for the seamless management of all types of property.

A well-structured agreement allows owners to focus on their investments without getting caught up in the daily logistics, whilst allowing management companies to operate confidently within clearly defined parameters.

Whether it’s rent collection, property maintenance, or tenant relations, the agreement sets the tone for the professional management of the property, ensuring both parties are aligned in their goals.

Having this clarity reduces the risk of disputes and ensures that the property is managed efficiently.

Richard Hughes

Richard Hughes

Partner | Commercial Property, Real Estate, Real Estate Finance

020 3962 5855

Understanding property management agreements: What are they?

At its core, a property management agreement gives the management company the authority to handle various tasks related to the upkeep and operation of a property. The agreements typically cover everything from managing tenant issues, conducting repairs, and overseeing maintenance to marketing vacant spaces and ensuring that the rent is collected on time.

It’s crucial to ensure that every aspect of the agreement is well-drafted. The property owner and the management firm need to be clear on their roles and responsibilities.

How we can help you

Our team at Moore Barlow brings vast expertise in property law, offering comprehensive and tailored legal advice.

Whether you’re a property owner looking to outsource management duties or a management firm seeking a  legal advice, we cover all your needs:

Drafting tailored agreements

We ensure your agreement is customised to reflect the unique demands of your property (whether that be residential, commercial or a mixture of the two) , ensuring clarity around responsibilities, fees, and terms of service.

Clarifying financial terms and fees

Property management agreements often include complex fee structures. We help ensure that these are transparent and fair, protecting your financial interests.

Resolving disputes and conflict management

Should a disagreement arise between the parties, we ensure your agreement includes clear dispute resolution clauses, safeguarding both parties.

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Why Moore Barlow?

Choosing Moore Barlow means working with a team that understands the intricacies of property management agreements. Our experience across diverse property sectors ensures that your contract is not only legally robust but also practical and easy to follow. We take pride in delivering agreements that prevent common pitfalls, giving you confidence that your property is in good hands.

With our expertise, you can rest assured that the agreement will reflect your specific needs.

Who we support with property management agreements

We work with property owners, landlords, and property management companies, offering legal support that is tailored to the unique challenges of each sector. From large commercial portfolios to residential properties, we understand the complexities and help ensure agreements are clear, practical, and in line with industry standards.

We are here to help

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Get expert advice today

For expert guidance on property management agreements, Moore Barlow is here to help. Whether you need a new agreement drafted or an existing one reviewed, our team will ensure that your interests are protected and the agreement serves its intended purpose efficiently. Contact us today for personalised, expert advice

We are here to help

Discover how our expert property lawyers can help you.

Contact our commercial property team

Frequently asked questions

How do I terminate a property management agreement?

To terminate a property management agreement, you will need to review the termination clauses in the contract , provide the required written notice, and follow any specific procedures outlined.

Don’t forget to collect the keys!

A property management agreement typically includes the following:

  1. Names and contact details of the property owner and management company.
  2. Description of the property being managed.
  3. List of services the manager will provide(such as tenant screening, rent collection, and maintenance).
  4. Details on fees, payment schedule, and any additional charges.
  5. Obligations of the property owner, like providing funds for repairs or insurance.
  6. Duration of the agreement, renewal terms, and conditions for termination.
  7. Requirements for regular financial reports to the owner.
  8. Liability coverage and insurance requirements for the management company.
  9. Steps for handling disputes, often including mediation or arbitration clauses.

Don’t take our word for it…