Property Management Agreement Template - Minnesota

A Minnesota Property Management Agreement is formed between the owner of a property and the person (or company) representing them in terms of property management. The party that will be managing the real estate will be expected to rent out the property, work with the tenants and solve their problems as well as maintain the building ensuring that it is in perfect condition - certainly no worse than it was originally found in. In return, the owner of the property will financially compensate the manager by either a flat rate or a portion of the rent that tenants pay.

In Minnesota, any individual hoping to work as a property manager needs to be aware that they should be a registered professional with a real estate license. Without this, carrying out such functions could be deemed as illegal.

To do this effectively and efficiently, we would suggest downloading a Minnesota Property Management Agreement template which contains all details within the document. All you would need to do is simply input your details to best reflect the terms and conditions agreed upon by both parties.

Still looking for a particular template? Take a look at the related templates below:

• Eviction Notice Template;
• Rental Inspection Checklist Template;
• Rental Application Form.