Residential Property Management and Lease Agreements

RESIDENTIAL PROPERTY MANAGEMENT AGREEMENT

The FJGG Residential Property Management Agreement defines the relationship between property managers and property owners, and may be used throughout the State of Colorado.  Since the Colorado Real Estate Commission does not provide a mandatory Commission-approved property management template, our clients utilize our attorney-drafted agreement when managing residential real estate in Colorado.

The Property Management Agreement includes:

  • Selection of management services to be provided, including: (1) marketing and tenant-selection services; (2) entering into leases; (3) managing tenant relationships; (4) contracting for maintenance services; and (5) payment of property-related expenses
  • Compensation, including: (1) leasing commissions; (2) renewal commissions; (3) regular management fees; and (4) minimum management fees
  • Transaction-brokerage or landlord agency representation
  • Establishment and reimbursement of management custodial account
  • Choice of who holds tenant security deposits
  • Detailed property description
  • Owner obligations to keep property in compliance with various laws, regulations and ordinances
  • Owner representations regarding foreclosure, meth labs, carbon monoxide detectors, and HOA’s
  • Manager-oriented termination and cancelation provisions
  • Manager indemnification by owner
  • Term of engagement
  • Effect of listing or sale
  • Many other important provisions . . .

The Property Management Agreement may be customized with an FJGG attorney to fit your specific business model and includes a cover letter that explains various considerations and disclosure obligations when managing properties in Colorado.

RESIDENTIAL PROPERTY MANAGEMENT AGREEMENT ORDER FORM

 

RESIDENTIAL LEASE AGREEMENT

FJGG’s Residential Lease Agreement may be used by landlords or property managers when leasing residential real estate throughout Colorado.

The Lease Agreement includes:

  • Rent payment details
  • Security deposit amount and terms
  • Lease term
  • Allocation of utility and maintenance payment obligations
  • Care, maintenance, and damage provisions
  • Use and occupancy terms
  • Rules and regulations, including marijuana-related restrictions (if selected)
  • Pet terms, including additional deposit or rent amount
  • Parking and storage terms
  • Tenant indemnification responsibilities
  • Tenant default consequences
  • Effect of tenant holdover or owner sale
  • Sample application
  • Sample check-in/check-out sheet
  • Many other important provisions . . .

The Residential Lease Agreement may be customized with an FJGG attorney to fit your specific leasing model.

RESIDENTIAL LEASE AGREEMENT ORDER FORM