Updated on May 15th, 2023
A Texas property management agreement is a legal document between a property owner and manager that relays the terms under which the manager will work for the owner. The agreement specifies the property manager’s duties, responsibilities, compensation, payment schedule, and contract term. Property manager duties include collecting rent, performing maintenance, providing financial reports, and conducting inspections.
License Required? Yes. A license is legally required for a property manager to collect rent or to offer, negotiate, or list a lease. However, if the manager doesn’t need to provide these services, they can work without a license (§§ 1101.351(A), 1101.002(1)).
Verify a Manager – trec.texas.gov