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A Missouri property management agreement is a legal contract created at the beginning of a landlord and a property manager’s professional relationship. It establishes the arrangement terms, such as the manager’s responsibilities (e.g., maintenance, evicting tenants, collecting rent), their level of autonomy, and how they will be compensated. Both parties are required to uphold their duties once they have signed the agreement.
Laws
License Required? Yes, Missouri state statutes require property managers to be licensed (§ 339.010.1, § 339.020). However, a license is not required in the following cases:
- Property Owner – A property owner (or their employees) may perform property management without a license (§ 339.010.9(1)).
- Limited Activity – An employee or individual limited to the following activities does not require a license (§ 339.010.9(5)):
- Delivering or receiving leases or receiving payments
- Showing a unit under the manager or owner’s instruction
- Conveying information provided by the manager or owner
- Assisting a manager or owner
Agreement Required? Yes, a written and signed agreement must be in place for a property manager to carry out their duties (§ 2250-8.200(1)). The agreement must contain the elements outlined in § 2250-8.090(9).
Verify a Manager – pr.mo.gov