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PROPERTY MANAGEMENT AGREEMENT

One Time Tenant Placement

Shelley 239-246-0277

THIS AGREEMENT made and entered into on _________________________ by and between ______________________________________________ hereinafter referred to as "OWNER," and Investor Friendly Property Management & Realty Services Inc.hereinafter referred to as “MANAGEMENT COMPANY."

 

WITNESSETH: For and in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

 

Exclusive Agency

 

The OWNER hereby employs Investor Friendly Property Management & Realty Services Inc. exclusively and solely supply tenants as a one time placement for the property described as: ______________________________________________________________________________upon the terms and conditions hereinafter set forth.

 

Term

 

This Agreement shall be on a month to month commencing ____________. If the OWNER terminates this agreement within the first six (6) months, OWNER agrees to pay Investor Friendly Property Management & Realty Services Inc.1 month’s full rent to be paid by check made payable to Investor Friendly Property Management & Realty Services Inc. along with written notice of such termination sent by certified mail to 4735 Randag dr. N. Ft. Myers FL 33903

 

Terms of Contract

 

The OWNER expressly grants to Investor Friendly Property Management & Realty Services Inc.herein the following authority:

 

A. Investor Friendly Property Management & Realty Services Inc. will be solely responsible for finding and qualifying tenants.

 

B. The owner will be preparing 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. The OWNER shall be responsible for and pay all reasonable and necessary expenses incurred by Investor Friendly Property Management & Realty Services Inc. in connection with advertising herewith.

 

Investor Friendly Property Management & Realty Services Inc. Responsibilities:

 

Investor Friendly Property Management & Realty Services Inc. agrees to accept the following responsibilities:

 

A. To use diligence in the placement of tenants of the premises herein provided, and agrees to furnish Investor Friendly Property Management & Realty Services Inc. services for the renting, leasing, of the herein described premises. However Investor Friendly Property Management & Realty Services Inc.does not guarantee the payment of rentals by the Tenants.

 

B. To render monthly statements of receipts, expenses, and charges and to remit to OWNER receipts for payment to be made within 7 business days, which will include advertising, and other applicable charges. In the event the disbursements shall be in excess of the rents collected by Investor Friendly Property Management & Realty Services Inc.the OWNER hereby agrees to pay such excess promptly upon demand of Investor Friendly Property Management & Realty Services Inc.

 

C. To deposit all receipts collected for OWNER (less any sums properly deducted or otherwise provided herein) in an account separate from Investor Friendly Property Management & Realty Services Inc. personal escrow account. However, Select Realty Associates, Inc. will not be held liable in the event of bankruptcy or failure of a depository and shall not be held liable for bad checks or money not collected.

 

D. To show all units to potential tenants and to pay for all advertising involved with renting all units. The owner will provide a copy of his lease for Golf Meadows Apartments. And Investor Friendly Property Management & Realty Services Inc. will provide a complete file with all tenant info and lease to the owner.

 

Management Fees

Management fees are 100% of the first months rent.


Notices

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.

 

OWNER: _____________________________________________________________

Address: _____________________________________________________________

H Phone / Cell: _____________________________________________________________

Fax: _____________________________________________________________

E-Mail: _____________________________________________________________

 

Investor Friendly Property Management & Realty Services Inc.

Shelley Hughes-Spradling

4735 Randag Dr. N. Ft. Myers FL 33903

(239) 265-5298 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

 

___________________________________________________Date:_______________________

OWNER

 

 

Shelley Hughes- Spradling__________________________Date:______________________

 Investor Friendly Property Management & Realty Services Inc.

 REPRESENTATIVE

 

Your Property Manager

Our Goal to Home Owners & investors To provide you with exceptional customer service, higher occupancies, more qualified residents and the latest information on the market and area.I will contact you within 24 hrs confirming the potential rental income on your properties. I look forward to working with you. I will also rent your home in fourclouser.

Owner / Investor