Free Indiana Property Management Agreement
A contract between a property owner and a property manager outlining management duties, fees, authority, and responsibilities for a rental property. Compliant with Ind. Code § 32-31-1 et seq..
What's Included in Your Property Management Agreement
10 key sections — state-compliant for Indiana
What's Included in Your Property Management Agreement
10 key sections — state-compliant for Indiana
Free Indiana Property Management Agreement
Hiring a property manager in Indiana? Our free agreement template clearly defines duties, fees, authority, and responsibilities — protecting both the property owner and manager.
What a Property Management Agreement Covers
- Management fees — Monthly percentage and placement fees
- Scope of duties — Rent collection, maintenance, tenant screening
- Spending authority — Limits on maintenance expenditures
- Legal compliance — Adherence to Ind. Code § 32-31-1 et seq.
- Termination terms — How to end the relationship
Indiana Property Management Requirements
Under Indiana law:
- Security deposits: No statutory limit limit, return within 45 days
- Required disclosures: 1 items
- Lease termination notice: 30 days for month-to-month
Frequently Asked Questions: Indiana Property Management Agreement
What is a typical property management fee in Indiana?
Property management fees in Indiana typically range from 8-12% of monthly rent collected. Additional fees may include lease-up/placement fees (50-100% of first month's rent) and maintenance markups.
Does a property manager need a license in Indiana?
Most states require property managers to hold a real estate broker's license or work under one. Check Indiana's specific real estate licensing requirements with the state real estate commission.
Can I terminate a property management agreement?
Yes, our template includes a 30-day termination clause. Most property management agreements in Indiana allow either party to terminate with written notice, though some may include early termination fees.
Is this property management agreement free?
Yes, 100% free. Generate your Indiana-compliant property management agreement and download the PDF. No account needed.