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⚠️ General guidance only. Always consult a qualified professional for your specific situation.
About This Property Management Agreement Template
A property management agreement is a contract between a property owner and a property manager that outlines the scope of management services, fees, responsibilities and terms of the arrangement.
This agreement is essential when you engage a real estate agent to manage your investment property. It defines what services are included and what the manager can do without your approval.
What to Include in a Property Management Agreement
Key elements: management fee percentage, letting fee, advertising costs, scope of services, owner approval thresholds for repairs, reporting frequency, and termination notice period.
Frequently Asked Questions
What is a typical property management fee in Australia?+
Management fees typically range from 5-12% of weekly rent. Most agencies also charge a letting fee of 1-2 weeks rent.
Can I terminate a property management agreement early?+
Usually yes, but notice periods and early termination fees may apply. Check the agreement carefully before signing.
What repairs can a manager approve without my consent?+
Typically managers can approve urgent repairs up to a set dollar amount (e.g. $500) without prior owner approval.
Do I need a property management agreement in writing?+
Yes — a written agreement is essential and should be reviewed carefully before signing.
Is this template suitable for Australian property owners?+
Yes — this is a general guide template. Property management laws vary by state.