ANNUAL PROPERTY MANAGEMENT AGREEMENT
THIS AGREEMENT made and entered into on _________________________ by and between ______________________________________________ hereinafter referred to as "OWNER," and
WITNESSETH: For and in consideration of the mutual covenants contained herein, the parties hereto agree as follows:
The OWNER hereby employs
This Agreement shall be for a period of 12 months commencing ____________. If the OWNER terminates this agreement within the first six (6) months, OWNER agrees to pay
Terms of Contract
The OWNER expressly grants to
A. Full management and control of said property with authority to collect all rents and other monies and securities from tenants in property, and issue receipts.
B. To prepare and negotiate new leases and renewals of existing leases in which new leases and renewals of existing leases. Manager is authorized, for and on behalf of owner, to execute leases, rental agreements and the power to grant an option to purchase the subject property, only the owner can execute the option.
C. To have minor repairs made, to purchase necessary supplies and to pay all bills and charge same to OWNER. On improvements and repairs that shall exceed $250.00 in cost (except for emergency repairs), Owner’s approval shall be obtained first.
D. To serve vacate notices and any other applicable legal notices upon tenants and to prosecute in the name of the OWNER, and at the OWNER's expense, legal actions to evict tenants and recover rents, employing for these purposes a reputable attorney and when circumstances permit, such attorney as OWNER may designate. To file an eviction with our firm, it will cost $525.00 per eviction. Or call directly to Bill Bertha at 239-267-3425 to save money.
F. The OWNER shall be responsible for and pay all reasonable and necessary expenses incurred by
Investor Friendly Property Management & Realty Services Inc. Responsibilities:
A. To use diligence in the management of the premises for the period and upon the terms herein provided, and agrees to furnish
B. To render monthly statements of receipts, expenses, and charges and to remit to OWNER receipts less disbursement, which will include advertising, repairs, and other applicable charges. In the event the disbursements shall be in excess of the rents collected by
C. OWNER shall receive benefit of all savings, discounts, or rebates obtainable from contractors or supplies.
D. To deposit all receipts collected for OWNER (less any sums properly deducted or otherwise provided herein) in an account separate from
E. All owners must notify our office and make us aware of any fourclouser's or bankruptcy proseedings affecting any property that we have under management. This will allow us to properly manage your investment for you. You can still rent it while under either of these situations. We will charge one month rent if not notified in advance of either of these situations.
F. If the property is vacant at time of management takeover we will need a $250.00 deposit per property to cover advertising expenses until we can get it rented.
Management fees are 15 % of the gross monthly rents and deposits only when rented. In addition, any late charges or returned check charges accrue to
For purposes of this Agreement, all notices required herein shall be deemed to have been served upon the other party when mailed to the following addresses or to such other addresses as shall be changed in writing, properly notifying the other party.
H Phone / Cell: _____________________________________________________________
(239) 246-0277 Fax: (239) 791.1186
Please list any and all contact numbers for you on an added page.
This Agreement shall be and become binding upon the heirs, successors and assigns of the parties hereto.
Signed and Agreed
Investor Friendly Property Management & Realty Services Inc. REPRESENTATIVE
Remember not to forget to also fax in a copy of this agreement, Direct deposit form & a W9 is a must before we can start to market your property.