The Property Manager Employment Contract serves as a comprehensive legal framework for employing property management professionals in the United States. This document is essential when hiring individuals responsible for overseeing residential, commercial, or mixed-use properties. It addresses crucial aspects such as property maintenance oversight, tenant relations, financial management, and regulatory compliance. The contract must comply with both federal employment laws and state-specific real estate regulations, including licensing requirements and fair housing laws. It typically includes detailed sections on compensation structure, performance expectations, and professional liability considerations.
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1. Parties: Identifies the employer and property manager, including full legal names and addresses
2. Background: Explains the context of the agreement and the intention to employ a property manager
3. Definitions: Defines key terms used throughout the agreement including Property, Services, and Compensation
4. Duties and Responsibilities: Detailed description of the property manager's roles, tasks, and obligations
5. Compensation and Benefits: Details of salary, bonuses, benefits, and payment terms
6. Work Schedule and Location: Specifies working hours, location, and any on-call requirements
7. Term and Termination: Duration of employment and conditions for termination
8. Confidentiality: Requirements for handling sensitive information
9. Compliance with Laws: Obligation to comply with relevant property management and employment laws
1. Non-Compete Clause: Restrictions on working for competitors - include when protecting business interests in competitive markets
2. Performance Metrics: Specific KPIs and performance expectations - include when implementing performance-based compensation
3. Remote Work Provisions: Terms for working remotely - include when allowing flexible work arrangements
4. Training Requirements: Mandatory training and certification requirements - include when specific qualifications are needed
5. Vehicle Usage: Terms for using company vehicles - include when providing company vehicles
1. Schedule A - Properties Under Management: List of properties the manager will be responsible for
2. Schedule B - Compensation Structure: Detailed breakdown of salary, bonuses, and commission structure
3. Schedule C - Benefits Package: Details of health insurance, retirement plans, and other benefits
4. Appendix A - Job Description: Detailed description of roles and responsibilities
5. Appendix B - Company Policies: Relevant company policies and procedures
6. Appendix C - Required Certifications: List of required licenses and certifications
Relevant legal definitions
Agreement
Applicable Laws
Base Salary
Bonus
Cause
Company
Confidential Information
Effective Date
Employee
Employment Period
Good Reason
Intellectual Property
Managed Properties
Notice
Operating Hours
Performance Metrics
Property Management Services
Property Owner
Regular Business Hours
Required Licenses
Service Area
Termination Date
Territory
Trade Secrets
Working Hours
Work Product
Tenant
Rental Income
Maintenance Contractors
Emergency Services
Management Fee
Operating Budget
Property Management Software
Reports
Security Deposit
Vendor Contracts
Applicable Laws
Base Salary
Bonus
Cause
Company
Confidential Information
Effective Date
Employee
Employment Period
Good Reason
Intellectual Property
Managed Properties
Notice
Operating Hours
Performance Metrics
Property Management Services
Property Owner
Regular Business Hours
Required Licenses
Service Area
Termination Date
Territory
Trade Secrets
Working Hours
Work Product
Tenant
Rental Income
Maintenance Contractors
Emergency Services
Management Fee
Operating Budget
Property Management Software
Reports
Security Deposit
Vendor Contracts
Clauses
Appointment and Scope
Duties and Responsibilities
Compensation and Benefits
Term and Termination
Work Schedule
Location of Work
Performance Standards
Reporting Requirements
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Professional Licenses
Insurance Requirements
Compliance with Laws
Health and Safety
Property Access
Emergency Response
Record Keeping
Financial Management
Tenant Relations
Maintenance Oversight
Vendor Management
Budget Authority
Expense Authorization
Conflict of Interest
Indemnification
Force Majeure
Severability
Assignment
Amendment
Governing Law
Dispute Resolution
Notice Requirements
Entire Agreement
Duties and Responsibilities
Compensation and Benefits
Term and Termination
Work Schedule
Location of Work
Performance Standards
Reporting Requirements
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Professional Licenses
Insurance Requirements
Compliance with Laws
Health and Safety
Property Access
Emergency Response
Record Keeping
Financial Management
Tenant Relations
Maintenance Oversight
Vendor Management
Budget Authority
Expense Authorization
Conflict of Interest
Indemnification
Force Majeure
Severability
Assignment
Amendment
Governing Law
Dispute Resolution
Notice Requirements
Entire Agreement
Relevant Industries
Relevant Teams
Relevant Roles
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