Whether you own a building or are considering taking on the responsibility of becoming a home manager, a well-written property management contract is a necessity. They should include in the operation of the good all relevant services and fees necessary for a long-term and advantageous agreement. You also have confidence that all your financial and legal obligations are protected. The proposed home management contract should set out in detail the responsibilities of the home manager. Whether the property is intended for residential or commercial purposes, it should take into consideration the following points: two examples of obligations of the property owner are property management companies that usually have a standard model for the property management contract for their business relationships. You can then customize this default contract for each specific property. Here are the fundamental aspects that you should include: Fundamental aspects that should be covered in this agreement: The owner will make a decision to work with the manager on a daily basis, so it is better to be sure of the company that will be decided. If you run a house management company, it is advisable to create a standard contract for your business relationships. This contract can then be customized for certain features or largely kept intact. A property management contract is between a landlord and a home manager, which is required in most states to be a licensed real estate agent. The home manager, like a real estate agent, receives a percentage of the total rent paid by tenants. The main task of a house manager is to preserve the property while ensuring that the open spaces are rented.