Property Management Agreement for Strata Rental Pool

Retain the services of a property manager to manage the common property of strata lots in a rental investment pool with this template Property Management Agreement.

• The rental pool consists of a group of owners whose units will be rented out. The revenues from those rentals will be pooled to cover the owners' expenses.
• The property management company will be paid a monthly fee for maintenance, management and administration of the common property for the rental pool owners.
• The manager's duties include preparation of annual budgets, procuring contracts, arranging for repairs, collection of assessments from owners, commencing legal action for non-payment, paying contractors and suppliers, supervising contractors.
• The manager is required to attend all regular meetings of the strata corporation and the strata council.
• The corporation will provide the property manager with reasonable access to the common property at all times.
• The corporation indemnifies the manager against claims and damages except for those arising from negligence or willful misconduct on the part of the management firm.
• If you own strata units as investment property, you don't want to spend all your time managing them. Download the Property Management Agreement and hire a professional to do it.