OWNER/MANAGEMENT OBLIGATIONS
During our relationship, [INSERT YOUR COMPANY NAME HERE] will act as your liaison between the
daily operation of your property and its lessees.
Manager Obligations during our relationship will include:
• Screen prospective renters to procure tenants.
• Inspect your property when vacant/occupied and manage your tenants during occupancy.
• Market the property.
• List your property using the Multiple Listing System, classified advertising, electronic advertising,
signing, and affiliated business partner relationships.
• Work diligently to keep your property leased by qualified and responsible tenants.
• Sign lease agreements, extensions and other addendum relating to the leasing of your property.
• Orchestrate utility services on your behalf.
• Collect rent, deposits, and fees for your property.
• Disperse funds held on your behalf to reimburse vendors for completed work.
• Provide owner with a monthly operating statement, net rent proceeds, and copies of any applicable
invoices or documents.
• Initiate legal forcible detainers, collection activities, and tenant notices for non-payment of rent or
lease violations.
• Provide owner with a year-end financial recap, including a 1099 form for your Federal income taxes
• At your request, serve as statutory/registered agent for out of state owners.
Owner Obligations during our relationship will include:
• Meet all obligations to maintain services for the tenants’ full legal use of the property per California
Laws.
• Maintain a maintenance reserve fund of $300 to address property needs as necessary. When/If
depleted, this reserve will be automatically replenished from monthly rents.
• Answer all management emails and phone calls in a timely manner.
* * * Free PDF Preview End * * *
Purchase Required To Gain Total Access