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A Washington property management agreement outlines the terms and conditions under which a broker agrees to manage a rental property for the owner. The contract relays the services the property manager will need to provide, the regulations they will need to follow and enforce, the compensation they will receive, and how leasing will be handled. A Washington landlord looking to hire a property manager is legally required to have a written agreement in place.
Laws
License Required? Yes. A license is required to operate as a property manager in Washington state (§§ 18.85.011(17)(h), 18.85.331).
Agreement Required? Yes. Property management agreements must be supported by a written contract (WAC 308-124D-215).
Exemptions – Employees of the owner or managing broker don’t need a license or agreement to provide property management services (§ 18.85.151(13)).
Verify a Manager – dol.wa.gov