Condominium Rental Management Agreement

Condo property managers, create a Condominium Rental Management Agreement quickly and easily with this comprehensive template. Provisions of the Agreement include:

• The owners who are renting their units establish a rental pool and a repair and maintenance pool to allow the owners to share the expenses equally among the units being rented.
• The rental agent's responsibilities include collecting rent, executing and terminating leases or tenancy agreements, ensuring that tenants fulfill their obligations, and advertising and marketing units as they become vacant.
• The agreement automatically renews for an additional 1-year term at the end of the initial contract term.
• Each owner is responsible for their own mortgage payments, taxes, rental expenses, and other costs associated with their unit.

This generic Condominium Rental Management Agreement is provided in MS Word format, and is fully editable to fit your specific circumstances.