A Maine property management agreement is used to hire a company or individual to manage a landlord’s real estate. The completed agreement includes the duties assigned to the manager, how they will be compensated, and the duration of their contract. It will also indicate how the manager will handle rent collection, security deposits, and expenses relating to the property. Establishing the details of the working relationship provides the manager with clear direction and protects the interests of both parties.
License Required? No, property managers are not required to be licensed in Maine.
Verify a Manager – Maine.gov