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Lease Management Contract Template for United States

A Lease Management Contract is a legally binding agreement between a property owner and a professional management company that outlines the terms and conditions for managing real estate properties in the United States. This document establishes the scope of services, responsibilities, compensation structure, and operational procedures while ensuring compliance with federal, state, and local property management regulations.

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What is a Lease Management Contract?

The Lease Management Contract serves as a comprehensive framework for professional property management services in the United States. This document is essential when property owners seek to delegate the day-to-day management of their real estate assets to professional management companies. The contract typically includes detailed provisions for tenant management, maintenance coordination, financial reporting, and regulatory compliance. It establishes clear lines of authority, defines service expectations, and outlines compensation structures while ensuring adherence to applicable federal, state, and local laws governing property management operations.

What sections should be included in a Lease Management Contract?

1. Parties: Identification of property owner and management company

2. Background: Context of the agreement and property details

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of management services to be provided

5. Term and Termination: Duration of agreement and termination conditions

6. Compensation: Fee structure and payment terms

7. Management Responsibilities: Specific duties of the management company

What sections are optional to include in a Lease Management Contract?

1. Emergency Services: Procedures for handling emergency situations - used for properties requiring 24/7 emergency response

2. Construction Management: Terms for managing renovation or construction projects - used when property requires significant improvements

3. Special Properties Management: Specific terms for unique property types - used for commercial, industrial, or specialized properties

What schedules should be included in a Lease Management Contract?

1. Property Schedule: Detailed list of properties covered under the agreement

2. Fee Schedule: Breakdown of management fees and additional charges

3. Service Level Agreement: Specific performance metrics and standards

4. Insurance Requirements: Required insurance coverage and limits

5. Reporting Ƶ: Standard forms for financial and operational reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

United States

Publisher

Ƶ

Cost

Free to use

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