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Templates / Contract

Free Property Management Contract Template

A property management contract covers the management scope, response handling, payment terms, responsibilities, access rules, and how notice and handover work.

Property Management Contract template preview

Language:

en

Category:

Last updated:

October 2026

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The tenant calls about a leak, the boiler drops out on a Sunday, or a deposit question turns into a dispute, and the landlord needs to know what the agent actually handles and where the line sits. This property management contract gives that in writing for ongoing management work, with the scope, the response rules, and the handover spelled out before anything goes wrong.

The agreement starts with how to read it alongside an accepted proposal, then moves through What I manage and Response and updates, including how emergencies, urgent issues, and routine items get triaged and reported back. Payment sits in the open with monthly recurring billing, what happens when work falls outside the plan, and how price changes get notified, and the middle sections cover practical risk points like Keys and access, what the landlord needs to provide, insurance, and what happens “if something goes wrong”.

  • If anything in an accepted proposal Explains how these terms interact with an accepted proposal when both touch the same point, so the day-to-day version wins.
  • What I manage Defines the management scope, from tenant find and rent chasing to compliance scheduling and checkout support.
  • Response and updates Sets the triage levels for issues and the update loop, including what happens if a response level gets missed.
  • Payment Covers monthly recurring invoicing, approval for out-of-plan work, and separation of contractor and third-party charges.
  • Ending and handover Covers notice, what gets paid up to the end date, and what gets handed over, with a signature at the end.

What the template looks like matches the job it’s doing, with rust as the lead colour and a gate-green accent under Raleway headings with Inter body text. Once the terms are filled in with names, dates, and rates, the contract gets sent for online signature, and the signed copy closes out the start, notice, and Ending and handover terms in one place.

We went from spending hours on every proposal to creating fully customized ones in under 5 minutes. That's not an exaggeration - we timed it.

Yazan & Mawaheb
Yazan & MawahebAgency Owners

What to include in a property management contract

PartWhat it covers

If anything in an accepted proposal

Explains how these terms and an accepted proposal should be read together when they overlap, so the practical working version is the one followed.

What I manage

Describes what full property management includes, and names the areas covered so the scope is clear before the first tenant call comes in.

Response and updates

Defines emergency, urgent, and routine issues and how updates are given, including how expectations get reset if a target is missed.

Payment

Covers recurring monthly billing, the 7-day payment window, and how extra work gets priced and approved before it starts.

Price changes

Explains how recurring plan price changes get notified, and how ending service and handover works if the new price doesn’t work.

Keys and access

Lists what keys and access details are needed to manage the property, and sets boundaries on how sensitive codes and passwords are handled.

What I need from you

Asks for a named decision-maker and timely approvals, and covers the landlord-side information that has to be kept up to date for management to work.

Insurance

States what insurance the property manager carries, what insurance the landlord keeps for the property, and what records can be supplied for claims.

If something goes wrong

Explains how damage or incidents get reported and documented, and the options for putting things right, from repairs to warranty routes.

No direct hire

Sets the non-circumvention term during and after management, and explains how changes to service level or scope get agreed in writing instead.

Ongoing service

Defines the recurring monthly service, auto-renewal, notice handling, and what a clean handover includes at the end.

What I am responsible for

Defines what the manager is responsible for, what outcomes can’t be promised when third parties are involved, and what decisions stay with the landlord.

Ending and handover

Covers how either side ends service, how in-progress extra work gets wrapped up or handed back, and what records, funds, and keys get transferred, ending with a signature.

Who it is for

Built for letting agents and property managers taking on residential management, short-term rentals, or HOA management where the owner wants clear lines on calls, compliance, and handover.

The contract in full

If anything in an accepted proposal and these terms cover the same point, read them together and follow the clearest practical version of how the work will run.

What I manage

Full property management covers the ongoing running of the tenancy and the property: setting things up, keeping it compliant, collecting rent, handling repairs, and keeping you informed as things change. I work throughout each management period, with routine tasks (like rent chasing and contractor follow-ups) happening as needed, and planned tasks (like inspections and renewals) booked in advance where access is required.

What you get is:

* Tenant find and referencing * Check-in and key handover * Rent collection and chasing * Maintenance coordination * Compliance scheduling * Checkout and deposit support

Response and updates

When something comes up, I triage it by urgency and risk, then take the next practical step. I use three working levels. Emergency means unsafe conditions, active leaks, no heat or hot water in cold weather, or a security risk. Urgent means things that will likely cause damage or escalate quickly. Routine means everything else, including general questions, non-urgent maintenance, and paperwork.

I will tell you which level I am treating it as, what I have done, and what happens next. If I miss the level I have set, I will explain why, reset expectations in writing, and give you options, including handing the item back to you to deal with directly if you prefer.

Payment

Full property management is billed as recurring. I invoice each month at the start of that month for your selected plan. There is nothing paid up front beyond that period. Each invoice is payable within 7 days of its date.

If you ask me to handle work that is outside your selected plan, I will price it separately before I start and I will get your written approval. Examples include major project management, dealing with insurance claims, or extended dispute work beyond a normal checkout file. Contractor invoices and third party charges are separate to my fees unless I confirm otherwise in writing.

Price changes

I review my prices at a regular interval so they stay in line with the real time involved and the running costs of managing property. If I propose a change to the price for your ongoing recurring plan, I will tell you in writing before the new price starts.

The notice period is something I will confirm with you in writing at the time, because it can vary depending on what is currently in progress. If you do not want to continue at the new price, you can end the recurring service on that notice and I will hand over cleanly, with any open items clearly listed.

Keys and access

At the start, you will provide a working set of property keys, plus any entry fobs and any alarm or entry instructions I need to attend, arrange viewings, or get a contractor in. If there is a managed block, you will also tell me anything I need to know about concierge access, permit parking, or booking a lift.

I will not put door codes, alarm codes, or passwords into this agreement and I do not want them sent in a form or an ordinary email. I store access details securely and I only share them when it is needed for a specific visit, inspection, repair, or compliance appointment.

What I need from you

To manage properly, I need one named contact for decisions and approvals, even if the property is owned by more than one person. You will reply to approvals in a reasonable time, especially where a delay risks further damage, breaches a deadline, or leaves a tenant without an essential service.

You will tell me anything that affects the work, such as changes to ownership, mortgage lender requirements, an HMO licence position, planned sales activity, or a change of correspondence address. You will keep landlord accounts I need to use (for example, utilities in voids, service charge contacts, or council tax where relevant) open and in good standing. If you become aware of a serious issue, you will forward it to me promptly so I can act.

Insurance

I keep business insurance that matches the work I do as a property manager, including cover for handling client money and the day to day risks of managing tenanted property. If you want confirmation of the types of cover I hold, ask and I will provide it.

You should keep appropriate insurance for the property itself and for letting it out, including buildings insurance (and contents where applicable) that covers tenanted use, plus landlord liability cover. If you want rent protection or legal expenses insurance, that is your choice as the landlord. If an insurer asks for documents, I can supply the management records I hold, such as inspection notes, contractor invoices, and compliance booking history.

If something goes wrong

If I damage something, or I believe damage has happened while I am arranging access or supervising work, I will tell you as soon as I become aware and I will confirm it in writing. I will include photos where I can and I will be clear about what I know, what I do not know yet, and what I am doing next.

For putting it right, the aim is always to get you back to the position you would have been in if it had not happened. Depending on the situation, that may mean arranging a repair, agreeing a fair contribution to a contractor invoice, or using the contractor warranty route where the issue is workmanship. If a tenant reports damage, I will record it, take steps to prevent it getting worse, and advise you on recovery options.

No direct hire

While I am managing your property, and for a period after the management ends, you agree you will not try to hire me directly as your employee or contractor outside this agreement in a way that avoids the fees in your plan. The reason is simple: the price you pay covers the time, systems, and admin that sit behind the calls, the chasing, and the compliance diary.

If you want to change how we work, tell me and I will propose a sensible option in writing, such as moving you to a different service level or agreeing a one-off project scope. The length of the post-management period is something I will confirm in writing.

Ongoing service

This is a recurring service that runs in monthly periods. It renews automatically from period to period unless either of us gives notice to end it. I will confirm the notice period with you in writing when you instruct me to start, because it needs to fit what is already in motion, such as compliance bookings, a tenancy renewal, or an active repair.

If you give notice, I will keep managing properly up to the end date. I will also prepare a straightforward handover: current tenant details, keys held, deposit scheme details, compliance dates and certificates I hold, and a list of open issues with the latest actions and contacts.

What I am responsible for

I am responsible for the management work I carry out: keeping good records, acting promptly on what I know, and following the plan you have chosen. I cannot promise outcomes that depend on other people, such as a tenant paying on time, a contractor attending when booked, or a scheme or freeholder making a fast decision. Where someone else is involved, I will chase and I will keep you updated.

You stay responsible for the underlying landlord duties and for the decisions you make, including whether to approve spend, whether to start a claim, and how you want to handle a dispute. If you want legal or tax advice, I will tell you what I can from experience, but you should take advice from a qualified adviser for your situation.

Ending and handover

Either of us can end the ongoing management by giving the notice period that I will confirm in writing when you instruct me to start. You will pay for work done up to the end date, including the management period already invoiced at the start of that period. If there is an agreed item of extra work in progress, we will either finish it and invoice as agreed, or I will stop at a sensible point and hand it back with notes.

On handover, I will account for any rent already collected and held, transfer any records I hold that you reasonably need to carry on, and confirm what keys I have and where they are going. I will also set out any upcoming compliance dates and any live contractor jobs so nothing gets missed.

Signature

Legal Notice: Please consult legal advice and carefully review the content of this contract template before implementing this template in your business.

Questions about this contract template

What should a property management contract include?

A property management contract typically includes the management scope, how repairs and tenant issues get handled, payment terms, responsibility boundaries, and how notice and handover work. This template covers those areas, including access rules, insurance, and an incident process if something goes wrong.

How are emergency repairs handled in a property management agreement?

The agreement needs a clear definition of what counts as an emergency and what happens next when one is reported. This template uses triage levels and says the landlord gets told what level applies, what action has been taken, and what happens next.

Do property managers invoice monthly or take fees from rent?

Both models exist, but the terms need to say which one applies. This template bills management as recurring, with an invoice issued at the start of each month and payable within 7 days.

How does a property management agreement handle work outside the plan?

A contract usually states how extra work gets approved and priced, so surprise charges don’t show up later. This template says out-of-plan work gets priced separately before starting and needs written approval.

What does a landlord need to provide to start property management?

A manager generally needs keys, access instructions, and one named decision-maker for approvals. This template also asks for updates on anything that affects management, like ownership changes, lender requirements, licensing position, or correspondence address changes.

How do you end a property management agreement and hand over files?

A management contract should explain notice, payment up to the end date, and what gets transferred so the tenancy doesn’t stall mid-changeover. This template covers a clean handover, including tenant details, deposit scheme details, records held, upcoming compliance dates, open issues, and keys.

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