PROPERTY MANAGEMENT AGREEMENT
PROPERTY MANAGEMENT AGREEMENT
This Agreement is made on ___________, between __________________ (Owner) and
Better Homes NJ (Manager), and shall become effective as of _______________, and
shall continue until ___________, unless earlier renewed or terminated or until it is
terminated pursuant to this Agreement.
Appointment and Acceptance
1. The Owner appoints the Manager as exclusive agent for the management of the
property described in Paragraph 3 of this Agreement, and the Manager accepts the
appointment, subject to there terms and conditions set forth in this Agreement.
Description of Premises
2. The Premises are described as follows:
Name: __________________________________
Street Address: _____________________________
City: ________________________County: ________________ State: _____
Number of dwelling units: _____________________
Professional Management Standards
3. The Manager agrees to furnish the services of its organization, to exert its best
efforts and to exercise the highest degree of professional skill and competence in
managing the Premises, in order to provide the Owner with maximum economic
return consistent with proper management.
Duties With Respect to Leasing and Tenants
4. The Manager accepts the following responsibility, authority, and duties as to
renting and leasing the Premises:
Solicitation of Tenants
(a) The Manager will use all reasonable efforts to keep the Premises rented
by the procuring tenants for the Premises and negotiating and executing
on behalf of the Owner all leases for space in the Premises. However, the
Manager will not execute any lease without securing the prior written
consent of the Owner.
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