A Rhode Island property management agreement is used to define and regulate a working relationship involving a property owner and a property manager. With this contract in place, the manager can take care of landlord duties on the owner’s behalf, ranging from day-to-day upkeep to collecting rent and screening tenants.
A Rhode Island property management agreement is used to define and regulate a working relationship involving a property owner and a property manager. With this contract in place, the manager can take care of landlord duties on the owner’s behalf, ranging from day-to-day upkeep to collecting rent and screening tenants.
License Required? Yes. In Rhode Island, an individual or company that performs property management activities for others must either have a broker’s license or operate under the supervision of a licensed broker (230-30-20 R.I. Code R. § 2.12, R.I. Gen. Laws § 5-20.5-1(5)).
Exceptions – Rhode Island’s licensing requirement for property managers does not apply to the property owner or their regular employees (R.I. Gen. Laws § 5-20.5-2(a)).
Verify a Manager – elicensing.ri.gov
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