What document typically outlines the responsibilities and expectations of a property manager?

The property management agreement is the document that specifically details the responsibilities and expectations of a property manager. This agreement is a contract between the property owner and the property management company or manager, outlining the scope of work they will perform, which may include tasks such as marketing the property, tenant relations, maintenance, financial reporting, and adherence to legal requirements.

By providing a clear framework, the property management agreement ensures that both parties understand their roles and obligations. This clarity helps prevent misunderstandings and disputes in the future, as it sets forth the specific rights and duties of the property manager in managing the property effectively.

Other documents serve different purposes; for example, the lease agreement outlines the rental terms between the landlord and tenant, the rental contract includes specific conditions of occupancy, and the eviction notice is used for legal procedures related to terminating a tenant's lease. However, none of these documents encapsulate the broader managerial and operational responsibilities as comprehensively as the property management agreement does.