PROPERTY MANAGEMENT AGREEMENT
(Short Term and/orVacation/Holiday Rentals)
AGENCY. Owner exclusivelyappoints Agent to rent, lease, operate, and manage on the owner's behalf theproperty located at: ____________________________________
Property Name: _____________________
RESPONSIBILITIES OF AGENT.
(a) Complete an initial propertyinspection and prepare a condition report of the unit. If necessary, makerecommendations to Owner and prepare unit for occupancy.
(b)Advertise the rental unit in the local newspapers, bulletin board, and on theInternet. Provide the invoice(s) from the media, and pay the charges and passon the cost to the Owner, on the monthly proceeds statements.
(d)Provide Owner with a monthly statement of income and expenses for the property.To the extent there are amounts available for distribution to the owner; agentshall distribute the amount to the owner or as owner may direct.
(e)Contract for services and authorize expenditures on Owner's behalf forhousekeeping and regular maintenance. Agent shall obtain prior written approvalfrom Owner for any expenditure in excess of Three Hundred Dollars ($300.00)except for what the Agent shall in its best judgment consider an emergency
RESPONSIBILITIES OF OWNER.
(b)Allow Agent to establish rental rates for the property.
(c)Provide Agent with written notification within five (5) business days of alisting agreement if the property is for sale. And to notify Agent prior to authorizing access to theproperty to anyone.
(d)Provide Agent with Owner's General Excise Tax License.
(e)Provide Agent with Owner's U.S. Federal Tax Id, or Social Security number.
PROPERTY MANAGEMENT AGREEMENT:
(ShortTerm and/or Vacation/Holiday Rentals)
AGENCYSTART-UP FEE. Upon the execution of this Agreement, the Owner shallpay one hundred fifty dollars ($250.00)to the Agent as a non-refundable start-up fee. The Agent shall use such fee topay initial administrative expenses of including the premises (property) in itsrental program, to conduct a complete inventory of all furniture andfurnishings in the rental unit, to produce a condition/inspection report of thepremises, appliances and contents, and to pay other sums initially required forthe performance of its duties under this agreement.
SIGNED in duplicate this _________ day of ________2008 .
Bothparties acknowledge receipt of a copy of this Agreement.
Go to: Home Page Back to Top Go Back to your previous page.
All information contained herein is obtained from sources deemed reliable, no representation is made as to the accuracy thereof, & it is submitted subject to errors, omissions, changes & withdrawals without notice.
|Walt Flood Realty Phone: 808-922-1659 Fax: 1-866-912-8984 (Toll Free) |
1750 Kalakaua Ave., Suite 103 Honolulu, HI 96826-3795 E-mail: WaltFlood[at]Hawaii.rr.com
Copyright 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008.
You must obtain written permission to use any content, including pictures, on these pages.