A Minnesota property management agreement presents the terms of conditions of a property manager’s job and their relationship to the real estate owner. It’s main function to specify each party’s rights and responsibilities. A well-drafted contract ensures that all aspects of the property’s management are addressed and handled properly.
A Minnesota property management agreement presents the terms of conditions of a property manager’s job and their relationship to the real estate owner. It’s main function to specify each party’s rights and responsibilities. A well-drafted contract ensures that all aspects of the property’s management are addressed and handled properly.
License Required? Yes, property management duties must be performed by a licensed real estate broker (§ 82.55.19(a)).
Exceptions – An employee of the property owner or real estate broker does not need to be licensed to perform property management activities (§ 82.56(d)).
Verify a Manager – mn.gov/commerce
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