Property Management Request Form

PROPERTY MANAGEMENT REQUEST FORM

This Property Management Request Form (the Form) documents the Owner's request for property management services and, upon execution by Owner and Manager, establishes the principal terms under which Manager will provide services. Complete all fields clearly and sign where indicated.

PARTIES & PROPERTY IDENTIFICATION

RECITALS

WHEREAS, Owner is the lawful owner of the real property identified above and has authority to engage a manager for the operation, leasing and maintenance of the property; and

WHEREAS, Manager is duly qualified and willing to perform property management services for Owner on the terms set forth in this Form and any incorporated agreement; and

WHEREAS, the parties desire to set forth the initial scope of services, fee arrangements, term and other essential business terms in this Property Management Request Form as of the Effective Date: Effective Date:

SCOPE OF WORK

Manager shall perform the services checked below and any additional tasks described in the Scope of Work. Manager will act in good faith and in accordance with customary industry standards.

Leasing & tenant screening
Rent collection & accounts receivable
Maintenance coordination & repairs
Legal notices & eviction coordination
Periodic property inspections
Marketing & advertising
Other:

PAYMENT TERMS

Owner agrees to compensate Manager as specified below. Manager may offset fees against collected funds where permitted under applicable law and this Form.

Late Payment Fee: If amounts due to Manager or to Owner from Manager are not remitted within the specified schedule, a late fee shall apply. Late fee: or flat:

TRUST ACCOUNT / OWNER FUNDS

Manager shall hold tenant funds in a separate trust or custodial account in accordance with applicable law. Provide account details for distributions or indicate Manager's trust account for use.

TERM AND TERMINATION

The term of this engagement shall commence on Start Date: and continue through End Date: , unless earlier terminated in accordance with this Form.

Termination Notice: Either party may terminate this engagement by providing written notice at least days prior to the desired termination date. Termination shall not relieve Owner of amounts accrued or payable for services performed prior to termination.

CONFIDENTIALITY

The parties acknowledge that in the course of providing services, Manager and Owner may receive confidential information. Each party shall maintain the confidentiality of such information and shall not disclose it to third parties except as required by law or to perform obligations under this Form. Confidential information does not include information that is or becomes publicly available through no wrongful act or breach by the receiving party.

INSURANCE & INDEMNITY

Owner shall maintain property and liability insurance at levels sufficient to cover the property and common risks. Manager shall maintain general liability insurance as required by Manager's policies. Owner shall indemnify Manager for claims arising from Owner's failure to maintain required insurance or from latent defects known to Owner.

REPORTING & ACCESS

Keys / Access: Keys provided to Manager: Yes    No. Number of keys:

MAINTENANCE & EXPENDITURE AUTHORITY

Manager is authorized to approve routine maintenance and repairs up to the threshold amount specified below without prior Owner approval. Repairs above that threshold require Owner's prior approval except in emergencies where immediate action is necessary to prevent loss or damage.

GOVERNING LAW & ENTIRE AGREEMENT

Governing Law: This Form and any resulting Agreement shall be governed by the laws of the State of , without regard to conflict of law principles.

Entire Agreement: This Form, together with any attachment executed by the parties, constitutes the entire agreement between Owner and Manager with respect to the subject matter hereof and supersedes all prior proposals, negotiations, and understandings, whether written or oral.

ACKNOWLEDGMENTS & AUTHORIZATIONS

Owner represents and warrants that Owner has full authority to enter into this Form and to delegate the management duties set forth herein. Owner authorizes Manager to take the actions reasonably necessary to perform the agreed services, including the execution of lease forms, signing notices on behalf of Owner where permitted, and arranging for repairs up to the approved threshold.

Owner confirms the following authorization: Manager authorized to collect rents on Owner's behalf    Manager authorized to execute leases on Owner's behalf (subject to any leasing criteria provided).

Certification: By signing below, Owner certifies that the information provided is true and complete to the best of Owner's knowledge and that Owner authorizes Manager to proceed in accordance with the terms set forth in this Form.

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