Property Management Agreement Review
AI review of property management contracts to catch fee traps, liability gaps, and termination restrictions.
What is a Property Management Agreement?
A property management agreement authorizes a management company to handle the day-to-day operations of your rental property. These agreements define management fees, maintenance responsibilities, tenant screening processes, rent collection, and financial reporting. Common problems include fee structures that incentivize the manager to spend more (percentage of maintenance costs), limited liability for tenant screening failures, and termination clauses that require you to pay a fee to fire a non-performing manager.
Inkvex reviews property management agreements for fee transparency, scope of authority, maintenance spending limits, tenant screening standards, termination flexibility, and insurance requirements.
⚠ Red Flags to Watch For
- •Management fee calculated as a percentage of gross revenue (not net operating income)
- •Maintenance markup with no spending cap or approval threshold
- •Manager has authority to sign leases without owner approval
- •Termination requires 90+ days notice and a termination fee
- •No performance standards or benchmarks for the manager
- •Manager controls the tenant security deposit account
What Inkvex Checks
- ✓Fee structure (management fee, leasing fee, renewal fee, maintenance markup)
- ✓Scope of authority and spending limits
- ✓Tenant screening standards and liability for bad tenants
- ✓Financial reporting frequency and access to records
- ✓Termination notice period and associated costs
- ✓Insurance requirements and liability allocation
Frequently Asked Questions
What does Inkvex check in a Property Management Agreement?
Fee structure (management fee, leasing fee, renewal fee, maintenance markup). Scope of authority and spending limits. Tenant screening standards and liability for bad tenants. Financial reporting frequency and access to records. Termination notice period and associated costs. Insurance requirements and liability allocation. Upload any contract at inkvex.app for a free analysis.
What are common red flags in a Property Management Agreement?
Management fee calculated as a percentage of gross revenue (not net operating income). Maintenance markup with no spending cap or approval threshold. Manager has authority to sign leases without owner approval.
How much does it cost to review a Property Management Agreement with AI?
Inkvex offers 3 free analyses with no credit card required. After that, the Starter Pack is $9.99 for 10 analyses, or Pro is $24.99/month for unlimited reviews.
Related Contract Terms
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