What document outlines the terms of engagement between a property manager and a landlord?

The document that outlines the terms of engagement between a property manager and a landlord is the property management agreement. This agreement clearly defines the responsibilities and expectations of both parties, including the scope of services to be provided by the property manager, the duration of the engagement, the fees involved, and other important conditions pertinent to the management of the property.

The property management agreement serves as a formal contract that sets the framework for how the property will be managed, detailing aspects such as rent collection, property maintenance, tenant relations, and compliance with applicable laws and regulations. By having this document in place, both the property manager and the landlord have a clear understanding of their roles and responsibilities, which helps to foster a professional working relationship.

On the other hand, a rental agreement typically refers to the contract entered into between a landlord and a tenant, outlining the terms of rental for occupying a specific property. A lease agreement is similar, as it specifically pertains to the leasing of a property for a defined period. A maintenance request form is a document that tenants might use to request repairs or maintenance but does not pertain to the broader terms of the relationship between the property manager and the landlord. Thus, the property management agreement is essential for establishing the professional framework necessary for effective property