RENTAL MANAGEMENT AGREEMENT
This Contract is entered into this _________ day of _______________ 20___, by and
between, XXX, LLC (“Property Manager”) and XXX Property
Management Company “Client” for the property located at
______________________________, (“Property”).
WHEREAS the rentals herein may refer to short-term or long-term rentals.
1. TERM.
The term of the Contract shall be for a period of ________.
After the expiry period of the Contract, it is open for renewal and/or
extension.
2. FEES.
The Client will pay the property management a fee for its services as
follows; –
_____________________
_________________
3. AGENCY APPOINTMENT.
The property manager shall be considered an agent of the Client, given
full authority to perform necessary action for the smooth running of the
Airbnb business.
4. SCOPE OF PROPERTY MANAGEMENT.
The property management will offer the following services to the Client in
consideration of the fees paid; –
i. Complimentary 1-hour intro phone consultation.
ii. Property Reports for new properties for free, only if managed by
The Realest Realty.
iii. Weekly check-ins via video or in-person.
iv. Assistance with staging the property and photography (for a fee, if
needed).
v. Copy of inventory checklist and vendors for furniture and
essentials.
vi. Handle all tasks, negotiations, and correspondence with the realtor
on the behalf of the client.
vii. All tasks handle with the listing platform.
viii. Listing platforms on Airbnb, Vrbo, and Hotels.com.
ix. Disputes and Resolutions.
x. Occupancy rating and increase.
xi. Pricing Structure.
xii. Guest Checking In and Out.
xiii. Guest correspondence.
xiv. Guest Reviews.
xv. Automation on all listings
5. INDEMNITY CLAUSE.
The Client hereby agrees to indemnify the property manager from any
claims, including those of third parties, arising out of or related to the
Property or the items of personal property provided therein.
6. TERMINATION.
Either party can terminate this agreement by issuing the other party sixty days
prior written notice with a $1500 relating fee due at the time of the notice.
In case of early termination by the Client, the Client shall be liable for all fees the
property manager would have accumulated up to the date of termination.
The property manager reserves the right to terminate this Contract when the
Client fails to make payments and follow the policy and procedures.
7. FORCE MAJEURE.
For this agreement, “Force Majeure” means an event that a diligent party
could not have reasonably avoided in the circumstances, which is beyond
the control of a party and includes, but is not limited to, war, riots, civil
disorder, earthquake, storm, flood or adverse weather conditions, strikes,
lockouts or other industrial action, terrorist acts, confiscation or any other
action by government agencies.
A Party’s failure to fulfill its obligations due to Force Majeure shall not be
considered a breach of this Contract. The party has taken all reasonable
precautions, due care, reasonable alternative measures, and minimal
delay to carry out the terms of this Contract.
8. NO WAIVER.
Failure by either party to enforce any of the terms or conditions of this
agreement shall not be a waiver of their right to enforce the terms and
conditions of this Contract.
9. SEVERABILITY.
The provisions of this Contract are severable. If any provision is invalid or
unenforceable, it shall not affect the validity or enforceability of any other
provision.
10. ENTIRE CONTRACT.
This Contract constitutes the entire Contract between the parties and
supersedes all prior oral or written agreements or understandings between
the parties concerning the subject matter of this Contract. Save as may
otherwise be provided in this Contract, the terms and conditions set out
are the only terms the property manager is prepared to deal with the
Client.
11. DISPUTE RESOLUTION MECHANISM.
Any dispute, controversy, or claim arising out of or relating to this Contract
or the interpretation, breach, or validity thereof shall primarily be resolved
through negotiation.
12. GOVERNING LAW.
This Contract shall be governed by and according to the laws of the State
of XXX.
13. ASSIGNMENT.
Parties agree that the responsibilities and obligations under this
agreement shall not be assigned to any third parties for their performance.
The parties agree that no other company or person may perform
management or in-house cleaning services except XXX,
LLC.
IN WITNESS WHEREOF, each of the Parties has executed this Contract, as of the day
and year set forth below.
Signed by the PROPERTY MANAGER; –
Signature: ………………………………….
Name: ………………………………………
Date: ………………………………………
Signed by the CLIENT; –
Signature:
Name:
Date:
……………………………………….
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