Title: Name the provisions of a typical property management agreement.
Course: Real Estate (12154) > Section: Describing Leases and Real Property Management

Provisions should include

- description of the property
- definition of the term of the agreement and how it can be terminated
- collection of rent
- repairs
- duration
- compensation.

DPOR correlation: 18VAC135-20-400. 17 (Real property management)

Process/Skill Questions:

- What are the parts of the management agreement?
- What is the purpose of a typical property management agreement?
- What are some covenants and/or clauses included in leases?
- Why would a property management company include covenants and/or clauses in their leasing agreement?