A Utah property management agreement defines the terms and conditions for a property manager to oversee residential property on behalf of its owner. The contract typically includes a description of the property, the services to be provided by the manager, the fee and payment structure, termination clauses, and each party’s responsibilities. The manager’s duties listed in the agreement commonly include property maintenance and repairs, rent collection, negotiating lease agreements, and screening tenants.
Laws
License Required? Yes. Property managers are required to obtain a sales agent or broker license to work in Utah (§§ 61-2f-102(20)(e), 61-2f-201).
Exceptions – The above licensing requirement doesn’t apply to the following individuals (§ 61-2f-202):
- The property owner
- Employees of the property owner
- Resident apartment managers
Verify a Manager – secure.utah.gov