A Massachusetts property management agreement is a legal document in which a landlord appoints a party to take on property management duties. It includes the manager’s compensation, term length, and the specifics of their responsibilities. This may include rent collection, property maintenance, and providing the landlord with periodic financial reports. The agreement presents a detailed overview of the parties’ working relationship and minimizes the risk of any future misunderstandings.
License Required? No, Massachusetts allows property managers to operate without a license.
Verify a Manager – ePLACE Portal