Property Management Agreement Template – Florida

Owner:: [Property Owner's Full Name / Company Name]

Address:: [Owner's Address]

and

Manager:: [Property Manager's Full Name / Company Name]

Address:: [Manager's Address]

Together referred to as the "Parties."

1. Property Description

Owner appoints Manager for [Full Address], including dwelling units, common areas, and amenities (the "Property"). HOA/condo rules, if applicable, shall be integrated into the management plan.

2. Term

Effective [Start Date] through [End Date], automatically renewing for 12 months unless either Party gives 45 days' written notice. Hurricane or emergency‑related suspensions of services shall be communicated to Owner promptly.

3. Scope of Services

Manager markets vacancies, screens applicants, drafts leases, collects rent and deposits, coordinates maintenance, and manages vendor relationships. Manager will prioritize habitability and safety issues, especially water intrusion and mold prevention following storms. Monthly statements will include rent roll, receipts, and expense summaries.

4. Manager Compensation

Management fee: ☐ [X]% of collected rent of collected rent ☐ Flat $[X]% of collected rent.

Leasing fee: $[Leasing Fee];

renewal fee: $[Renewal Fee].

Emergency mitigation and restoration work above $[Capital Threshold] requires Owner approval when practical.

5. Owner Responsibilities

Owner funds an operating reserve of $[Reserve], maintains required insurance, and authorizes non‑routine repairs when needed. Owner remains responsible for property taxes, mortgage, and HOA/condo assessments.

6. Financial Handling

Manager maintains a separate operating account for the Property and provides monthly remittances and reports. Owner may inspect records upon [X] business days' notice.

7. Liability and Indemnification

Manager is not liable for losses caused by tenants, vendors, storms, or other events beyond Manager's control, except where due to Manager's gross negligence or willful misconduct. Owner agrees to indemnify Manager consistent with this allocation of risk.

8. Insurance

Owner shall maintain property and general liability insurance and name Manager as additional insured; wind/flood coverage should be considered where applicable.

9. Termination

Either Party may terminate on 30 days' written notice or immediately for material breach. Manager will deliver funds, records, and keys within [X] business days.

10. Compliance and Notices

Parties will comply with applicable housing, habitability, and consumer‑protection laws. Formal notices via certified mail or courier; email as courtesy; emergency contact methods should be maintained.

11. Governing Law; Entire Agreement

Governed by the laws of Florida. Entire agreement; written amendments only; severability applies.