## Property Management Agreement

### Table of Contents

1. Introduction
2. Parties
3. Property
4. Management Services
5. Responsibilities of the Property Manager
6. Responsibilities of the Owner
7. Fees and Expenses
8. Term and Termination
9. Insurance
10. Default and Remedies
11. Governing Law and Dispute Resolution
12. Notices
13. Entire Agreement
14. Severability
15. Waiver
16. Amendments
17. Binding Effect
18. Confidentiality
19. Representations and Warranties
20. Signatures

### Introduction

This Property Management Agreement (the "Agreement") is made and entered into as of [Date] by and between [Owner Name], residing at [Owner Address] (the "Owner"), and [Property Manager Name], residing at [Property Manager Address] (the "Property Manager").

### Parties

* **Owner:** [Owner Name]
* **Property Manager:** [Property Manager Name]

### Property

The property subject to this Agreement is located at [Property Address] (the "Property").

### Management Services

The Property Manager agrees to provide the following management services for the Property (the "Services"):

* **Marketing and Leasing:**
    * Market the Property for rent.
    * Screen and select tenants.
    * Prepare and execute lease agreements.
    * Collect rent and security deposits.
    * Enforce lease terms and conditions.
* **Property Maintenance:**
    * Oversee routine maintenance and repairs.
    * Respond to tenant requests for repairs.
    * Coordinate with contractors and vendors.
    * Maintain the Property in accordance with applicable laws and regulations.
* **Financial Management:**
    * Collect and deposit rent payments.
    * Pay property taxes, insurance premiums, and other expenses.
    * Provide regular financial reports to the Owner.
* **Legal Compliance:**
    * Ensure compliance with all applicable laws and regulations.
    * Advise the Owner on legal matters related to the Property.

### Responsibilities of the Property Manager

The Property Manager agrees to:

* **Act in good faith and in the best interests of the Owner.**
* **Exercise reasonable care and diligence in performing the Services.**
* **Maintain accurate records of all transactions related to the Property.**
* **Provide the Owner with timely and accurate financial reports.**
* **Comply with all applicable laws and regulations.**
* **Maintain confidentiality of all information related to the Property and the Owner.**
* **Obtain the Owner's prior written consent for any major repairs or improvements to the Property.**
* **Provide the Owner with reasonable access to the Property.**

### Responsibilities of the Owner

The Owner agrees to:

* **Provide the Property Manager with all necessary information and documentation related to the Property.**
* **Pay the Property Manager's fees and expenses as set forth in this Agreement.**
* **Maintain adequate insurance coverage for the Property.**
* **Comply with all applicable laws and regulations.**
* **Cooperate with the Property Manager in the performance of the Services.**

### Fees and Expenses

The Property Manager will be compensated for the Services as follows:

* **Management Fee:** [Percentage] of the gross rental income received from the Property.
* **Expenses:** The Property Manager will be reimbursed for all reasonable and necessary expenses incurred in connection with the Services, including but not limited to:
    * Advertising and marketing costs.
    * Tenant screening fees.
    * Repair and maintenance costs.
    * Insurance premiums.
    * Property taxes.
    * Legal and accounting fees.

### Term and Termination

This Agreement will be in effect for a period of [Term] (the "Term"). This Agreement may be terminated by either party upon [Notice Period] written notice to the other party.

### Insurance

The Owner shall maintain the following insurance coverage for the Property:

* **Property Insurance:** Coverage for the full replacement value of the Property, including all structures and fixtures.
* **Liability Insurance:** Coverage for personal injury and property damage claims arising from the Property.
* **Workers' Compensation Insurance:** Coverage for employees of the Property Manager.

### Default and Remedies

In the event of a default by either party under this Agreement, the non-defaulting party shall have the right to terminate this Agreement and pursue all available legal remedies.

### Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya. Any dispute arising out of or relating to this Agreement shall be settled by binding arbitration in accordance with the Arbitration Act, 1995.

### Notices

All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by overnight courier service, addressed as follows:

* **If to the Owner:** [Owner Address]
* **If to the Property Manager:** [Property Manager Address]

### Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

### Severability

If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

### Waiver

No waiver of any breach of this Agreement shall be deemed a waiver of any subsequent breach.

### Amendments

This Agreement may be amended only by a written instrument signed by both parties.

### Binding Effect

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

### Confidentiality

The parties agree to hold confidential all information relating to the Property and the Services, except as required by law.

### Representations and Warranties

Each party represents and warrants to the other party that it has the full right, power, and authority to enter into this Agreement and to perform its obligations hereunder.

### Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

**Owner:**

[Owner Signature]

[Owner Printed Name]

**Property Manager:**

[Property Manager Signature]

[Property Manager Printed Name]

**Sources:**

* **Arbitration Act, 1995**
* **The Law of Property Act, Cap 280**
* **The Land Registration Act, 2012**
* **The Rent Restriction Act, Cap 296**
* **The Landlord and Tenant (Shops, Hotels and Catering Establishments) Act, Cap 301**

**Note:** This is a sample Property Management Agreement and may not be suitable for all situations. It is recommended that you consult with an attorney to ensure that the Agreement is appropriate for your specific needs.


## Property Management Agreement

This Property Management Agreement (the "Agreement") is made and entered into as of [Date] by and between [Owner Full Name], residing at [Owner Address] (the "Owner"), and [Manager Full Name], residing at [Manager Address] (the "Manager").

### 1. Introduction

1.1. The Owner is the owner of the property located at [Property Address] (the "Property").

1.2. The Owner desires to engage the Manager to manage the Property, and the Manager desires to provide such management services.

### 2. Services

2.1. The Manager agrees to provide the following services for the Property (the "Services"):

* **Marketing and Tenant Selection:**
    * Market the Property for rent.
    * Screen and select tenants.
    * Conduct background checks on prospective tenants.
    * Prepare and execute lease agreements.
    * Collect security deposits and first month's rent.
* **Rent Collection and Accounting:**
    * Collect rent from tenants.
    * Deposit rent into the Owner's designated bank account.
    * Provide the Owner with monthly statements of rent collected and expenses incurred.
* **Property Maintenance:**
    * Respond to tenant requests for repairs and maintenance.
    * Hire and supervise contractors for repairs and maintenance.
    * Ensure that the Property is maintained in accordance with applicable laws and regulations.
* **Legal Compliance:**
    * Ensure that the Property is in compliance with all applicable laws and regulations.
    * Advise the Owner of any legal issues that may arise.
* **Other Services:**
    * [List any other services that the Manager will provide, such as landscaping, snow removal, or pool maintenance.]

2.2. The Manager shall not be responsible for any repairs or maintenance that are not covered by the lease agreement or that are caused by the tenant's negligence.

2.3. The Manager shall not be responsible for any loss or damage to the Property that is caused by an act of God, war, terrorism, or other events beyond the Manager's reasonable control.

### 3. Compensation

3.1. The Owner shall pay the Manager a management fee of [Management Fee Percentage]% of the gross monthly rent collected.

3.2. The Manager shall be entitled to reimbursement for all reasonable and documented expenses incurred in connection with the Services.

3.3. The Manager shall be paid the management fee and reimbursed for expenses on a monthly basis.

### 4. Term and Termination

4.1. This Agreement shall commence on [Start Date] and shall continue for a period of [Term Length] (the "Term").

4.2. This Agreement may be terminated by either party upon [Notice Period] written notice to the other party.

4.3. This Agreement may be terminated by the Owner for any reason upon [Notice Period] written notice to the Manager.

4.4. This Agreement may be terminated by the Manager for any reason upon [Notice Period] written notice to the Owner.

4.5. Upon termination of this Agreement, the Manager shall:

* Deliver all Property records and documents to the Owner.
* Return all Property keys and access cards to the Owner.
* Account for all funds held by the Manager on behalf of the Owner.

### 5. Insurance

5.1. The Owner shall maintain the following insurance coverage for the Property:

* Property insurance, including coverage for fire, theft, and vandalism.
* Liability insurance, including coverage for personal injury and property damage.

5.2. The Owner shall provide the Manager with a certificate of insurance evidencing the insurance coverage required under this Section.

### 6. Indemnification

6.1. The Manager shall indemnify and hold harmless the Owner from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to the Manager's negligence or breach of this Agreement.

6.2. The Owner shall indemnify and hold harmless the Manager from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to the Owner's negligence or breach of this Agreement.

### 7. Governing Law

7.1. This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya.

### 8. Entire Agreement

8.1. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

### 9. Amendments

9.1. This Agreement may be amended only by a written instrument signed by both parties.

### 10. Notices

10.1. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by overnight courier service, addressed as follows:

If to the Owner:
[Owner Full Name]
[Owner Address]

If to the Manager:
[Manager Full Name]
[Manager Address]

### 11. Severability

11.1. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

### 12. Waiver

12.1. No waiver of any breach of this Agreement shall be deemed a waiver of any subsequent breach.

### 13. Binding Effect

13.1. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

### 14. Counterparts

14.1. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

**[Owner Signature]**

**[Manager Signature]**

### Table of Contents

1. Introduction
2. Services
3. Compensation
4. Term and Termination
5. Insurance
6. Indemnification
7. Governing Law
8. Entire Agreement
9. Amendments
10. Notices
11. Severability
12. Waiver
13. Binding Effect
14. Counterparts

### TLDR

This Property Management Agreement outlines the terms and conditions for the management of a rental property by a property manager. It covers services, compensation, term and termination, insurance, indemnification, governing law, and other relevant provisions.

### Sources

- [Legal Templates](https://legaltemplates.net/form/property-management-agreement/)
- [iPropertyManagement](https://ipropertymanagement.com/templates/property-management-agreement)
- [Contractbook](https://contractbook.com/templates/property-management-agreement)
- [TemplateLab](https://templatelab.com/property-management-agreements/)
- [LegalZoom](https://www.legalzoom.com/templates/t/property-management-agreement)

***

## Sample Property Management Agreement

This Property Management Agreement (the "Agreement") is made and entered into as of **[Date]** by and between **[Owner Full Name]**, residing at **[Owner Address]** (the "Owner"), and **[Manager Full Name]**, residing at **[Manager Address]** (the "Manager").

### 1. Introduction

1.1. The Owner is the owner of the property located at **[Property Address]** (the "Property").

1.2. The Owner desires to engage the Manager to manage the Property, and the Manager desires to provide such management services.

### 2. Services

2.1. The Manager agrees to provide the following services for the Property (the "Services"):

* **Marketing and Tenant Selection:**
    * Market the Property for rent.
    * Screen and select tenants.
    * Conduct background checks on prospective tenants.
    * Prepare and execute lease agreements.
    * Collect security deposits and first month's rent.
* **Rent Collection and Accounting:**
    * Collect rent from tenants.
    * Deposit rent into the Owner's designated bank account.
    * Provide the Owner with monthly statements of rent collected and expenses incurred.
* **Property Maintenance:**
    * Respond to tenant requests for repairs and maintenance.
    * Hire and supervise contractors for repairs and maintenance.
    * Ensure that the Property is maintained in accordance with applicable laws and regulations.
* **Legal Compliance:**
    * Ensure that the Property is in compliance with all applicable laws and regulations.
    * Advise the Owner of any legal issues that may arise.
* **Other Services:**
    * [List any other services that the Manager will provide, such as landscaping, snow removal, or pool maintenance.]

2.2. The Manager shall not be responsible for any repairs or maintenance that are not covered by the lease agreement or that are caused by the tenant's negligence.

2.3. The Manager shall not be responsible for any loss or damage to the Property that is caused by an act of God, war, terrorism, or other events beyond the Manager's reasonable control.

### 3. Compensation

3.1. The Owner shall pay the Manager a management fee of **[Management Fee Percentage]%** of the gross monthly rent collected.

3.2. The Manager shall be entitled to reimbursement for all reasonable and documented expenses incurred in connection with the Services.

3.3. The Manager shall be paid the management fee and reimbursed for expenses on a monthly basis.

### 4. Term and Termination

4.1. This Agreement shall commence on **[Start Date]** and shall continue for a period of **[Term Length]** (the "Term").

4.2. This Agreement may be terminated by either party upon **[Notice Period]** written notice to the other party.

4.3. This Agreement may be terminated by the Owner for any reason upon **[Notice Period]** written notice to the Manager.

4.4. This Agreement may be terminated by the Manager for any reason upon **[Notice Period]** written notice to the Owner.

4.5. Upon termination of this Agreement, the Manager shall:

* Deliver all Property records and documents to the Owner.
* Return all Property keys and access cards to the Owner.
* Account for all funds held by the Manager on behalf of the Owner.

### 5. Insurance

5.1. The Owner shall maintain the following insurance coverage for the Property:

* Property insurance, including coverage for fire, theft, and vandalism.
* Liability insurance, including coverage for personal injury and property damage.

5.2. The Owner shall provide the Manager with a certificate of insurance evidencing the insurance coverage required under this Section.

### 6. Indemnification

6.1. The Manager shall indemnify and hold harmless the Owner from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to the Manager's negligence or breach of this Agreement.

6.2. The Owner shall indemnify and hold harmless the Manager from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to the Owner's negligence or breach of this Agreement.

### 7. Governing Law

7.1. This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya.

### 8. Entire Agreement

8.1. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

### 9. Amendments

9.1. This Agreement may be amended only by a written instrument signed by both parties.

### 10. Notices

10.1. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by overnight courier service, addressed as follows:

If to the Owner:
**[Owner Full Name]**
**[Owner Address]**

If to the Manager:
**[Manager Full Name]**
**[Manager Address]**

### 11. Severability

11.1. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

### 12. Waiver

12.1. No waiver of any breach of this Agreement shall be deemed a waiver of any subsequent breach.

### 13. Binding Effect

13.1. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

### 14. Counterparts

14.1. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

**[Owner Signature]**

**[Manager Signature]**

*** 


### Property Management Agreement for a Rental Property

---

#### Table of Contents

1. Introduction
2. Definitions
3. Appointment of Manager
4. Term of Agreement
5. Duties and Responsibilities of the Manager
6. Duties and Responsibilities of the Owner
7. Compensation
8. Termination
9. Indemnification
10. Insurance
11. Miscellaneous Provisions
12. Governing Law
13. Signatures

---

### 1. Introduction

This Property Management Agreement ("Agreement") is made and entered into on [Date], by and between [Owner's Full Name], residing at [Owner's Address] ("Owner"), and [Manager's Full Name], with a principal place of business at [Manager's Address] ("Manager"). The Owner and the Manager may collectively be referred to as the "Parties" or individually as a "Party."

### 2. Definitions

- **Property**: The rental property located at [Property Address], including all buildings, improvements, and fixtures.
- **Tenant**: Any person or entity leasing the Property from the Owner.
- **Rent**: The monetary amount paid by the Tenant for the use of the Property.
- **Management Fee**: The fee payable to the Manager for the services rendered under this Agreement.

### 3. Appointment of Manager

The Owner hereby appoints the Manager as the exclusive agent to manage the Property, and the Manager accepts such appointment, subject to the terms and conditions set forth in this Agreement.

### 4. Term of Agreement

This Agreement shall commence on [Start Date] and shall continue until [End Date], unless terminated earlier in accordance with the provisions of this Agreement.

### 5. Duties and Responsibilities of the Manager

The Manager shall perform the following duties and responsibilities:

- **Leasing and Rent Collection**: Advertise the Property, screen potential tenants, execute lease agreements, and collect rent.
- **Maintenance and Repairs**: Arrange for and supervise all necessary repairs and maintenance of the Property.
- **Financial Management**: Maintain accurate financial records, provide monthly statements to the Owner, and remit collected rent to the Owner after deducting the Management Fee and any other authorized expenses.
- **Tenant Relations**: Address tenant complaints and resolve disputes in a timely and professional manner.
- **Legal Compliance**: Ensure that the Property complies with all applicable laws and regulations, including health and safety standards.

### 6. Duties and Responsibilities of the Owner

The Owner shall perform the following duties and responsibilities:

- **Property Information**: Provide the Manager with all necessary information about the Property, including existing leases, warranties, and service contracts.
- **Funds**: Provide sufficient funds for the operation and maintenance of the Property, including payment for repairs and improvements.
- **Insurance**: Maintain adequate insurance coverage for the Property, including liability and property damage insurance.

### 7. Compensation

The Owner agrees to pay the Manager a Management Fee of [Percentage]% of the monthly rent collected. The Management Fee shall be deducted from the rent collected before remitting the balance to the Owner.

### 8. Termination

This Agreement may be terminated by either Party upon [Number] days' written notice to the other Party. Upon termination, the Manager shall return all keys, documents, and funds related to the Property to the Owner.

### 9. Indemnification

The Owner agrees to indemnify and hold harmless the Manager from any and all claims, liabilities, damages, and expenses arising out of or in connection with the Manager's performance of its duties under this Agreement, except for those arising from the Manager's gross negligence or willful misconduct.

### 10. Insurance

The Owner shall maintain insurance coverage for the Property, including liability and property damage insurance, and shall provide the Manager with proof of such insurance upon request.

### 11. Miscellaneous Provisions

- **Entire Agreement**: This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether written or oral.
- **Amendments**: Any amendments to this Agreement must be in writing and signed by both Parties.
- **Severability**: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
- **Notices**: All notices required or permitted under this Agreement shall be in writing and shall be deemed given when delivered personally, sent by certified mail, or sent by email to the addresses provided by the Parties.

### 12. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya.

### 13. Signatures

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

---

_________________________  
[Owner's Full Name]  
Owner

_________________________  
[Manager's Full Name]  
Manager

---

### TLDR

This Property Management Agreement outlines the terms and conditions under which a property manager will manage a rental property on behalf of the owner. It includes details on the duties and responsibilities of both parties, compensation, termination, indemnification, and governing law.

### Conclusion

A well-drafted Property Management Agreement is essential for ensuring a clear understanding between the property owner and the manager. It helps in defining roles, responsibilities, and expectations, thereby minimizing potential disputes and ensuring smooth management of the rental property.

---

Sources:
- [Kenyan Law - House Rental Agreement](https://www.kenyanlaw.com/post/house-rental-agreement-kenyanlaw)
- [Legal Document Samples Kenya - Tenancy Agreement](https://www.library.advocates.ke/wp-content/uploads/2021/09/Short-Tenancy-Agreement.pdf)
- [Navigating Tenancy Laws in Kenya](https://hamarealtorsgroup.co.ke/navigating-tenancy-laws-in-kenya-your-comprehensive-guide/)
- [Kenya Law Reports - The Laws of Kenya](http://www.kenyalaw.org:8181/exist/kenyalex/index.xql)

Write a Property Management Agreement for a rental property.

Ask a lawyer: Write a Property Management Agreement for a rental property.

Ask a lawyer:
Write a Property Management Agreement for a rental property.