Property Management Agreement for Strata Units (Rental Investment Pool) - $17.49

Hire a property manager to manage the common property of strata lots in a rental investment pool with this template Property Management Agreement.

• The rental pool consists of a group of owners whose units will be rented out. The revenues from those rentals will be pooled to cover the owners' expenses.
• The property management company will be paid a monthly fee for maintenance, management and administration of the common property for the rental pool owners.
• The manager's duties include preparation of annual budgets, procuring contracts, arranging for repairs, collection of assessments from owners, commencing legal action for non-payment, paying contractors and suppliers, supervising contractors.
• The manager is required to attend all regular meetings of the strata corporation and the strata council.
• The corporation will provide the property manager with reasonable access to the common property at all times.
• The corporation indemnifies the manager against claims and damages except for those arising from negligence or willful misconduct on the part of the management firm.

This Property Management Agreement for Strata Units (Rental Investment Pool) is available as a downloadable and fully editable Microsoft Word file.