A Louisiana property management agreement is a binding document between a property owner and an individual or company managing their property. Through the document, the parties can set forth their roles and duties, including the scope of the manager’s work, their compensation, and the length of their work term. The agreement lays the foundation for the party’s relationship and establishes clear expectations and guidelines.
License Required? Yes, state law requires property managers to be licensed by the Louisiana Real Estate Commission (§ 1436). Employees working for a manager or landlord are not required to have a license if their duties are limited to the following (§ 1438):
- Delivering or receiving a lease, lease application, or an amendment thereof.
- Receiving security deposits or payments on behalf of the landlord or manager.
- Showing a unit to an interested tenant or providing information.
- Assisting with administrative, clerical, or maintenance duties.
Agreement Required? Yes, a real estate broker or salesperson must have the owner’s written authorization to perform property management services (§ 2603(A)). The agreement must detail the manager’s duties and responsibilities, the scope of their authority, the agreement term, and their fees (§ 2603(B)).
Verify a Manager – portal.lrec.gov