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Residential Leasing and Property Management Agreement

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Sections

Term & Auto-Renewalp. 1
Broker's Feesp. 3
Reservesp. 3
Broker Authorityp. 5
Security Depositsp. 6
Listing Content & MLSp. 7
Owner Representationsp. 8
Owner's Dutiesp. 9
Insurance & Legalp. 10
Mediationp. 10

FAQs from this document

Term & Renewal
How long is the initial management agreement?
Term & Renewal
Does the agreement auto-renew?
Term & Renewal
How do I terminate my management agreement?
Term & Renewal
Can Driven change the terms of the agreement?
Owner Fees
What is the monthly management fee?
Owner Fees
What is the leasing fee for a new tenant?
Owner Fees
Is there a fee when a tenant renews?
Owner Fees
Is there a fee on repairs and maintenance?
Owner Fees
What do you charge if there's an insurance claim or casualty?
Owner Fees
Is there a fee for legal proceedings?
Owner Fees
What if I sell the property during the agreement?
Owner Fees
What is the $350 off-boarding fee?
Owner Fees
What happens if I let my property insurance lapse?
Reserves
What are owner reserves and why do you hold them?
Reserves
What if my reserve runs low?
Reserves
Do reserves increase during a vacancy?
Broker Authority
Is Driven my exclusive leasing agent?
Broker Authority
What is Driven authorized to do on my behalf?
Broker Authority
Can Driven authorize emergency repairs without my approval?
Broker Authority
Will there be a keybox on the property?
Owner Responsibilities
What does Driven need me to confirm about ownership?
Owner Responsibilities
What are my ongoing duties as an owner?
Owner Responsibilities
Why do you ask for a W-9?
Owner Responsibilities
What if the property has a pool or spa?
Insurance & Legal
What insurance do I need to maintain?
Insurance & Legal
How does indemnity work?
Insurance & Legal
What happens if we have a dispute?
Security Deposits
Where are security deposits held?
Security Deposits
What happens to deposits when the agreement ends?
Listing & MLS
Is my property listed in the MLS?
Listing & MLS
Who owns the listing photos and copy?
Off-boarding
What does the off-boarding process look like?

Austin's owner-focused residential property management. Knowledge base for owners and tenants.

Office

1101 East 6th St #A2

Austin, TX 78702

By appointment only

info@drivenpm.com

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