Free Kentucky 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 Ky. Rev. Stat. § 383.505 et seq..
What's Included in Your Property Management Agreement
10 key sections — state-compliant for Kentucky
What's Included in Your Property Management Agreement
10 key sections — state-compliant for Kentucky
Free Kentucky Property Management Agreement
Hiring a property manager in Kentucky? 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 Ky. Rev. Stat. § 383.505 et seq.
- Termination terms — How to end the relationship
Kentucky Property Management Requirements
Under Kentucky law:
- Security deposits: No statutory limit limit, return within 30 days
- Required disclosures: 2 items
- Lease termination notice: 30 days for month-to-month
Frequently Asked Questions: Kentucky Property Management Agreement
What is a typical property management fee in Kentucky?
Property management fees in Kentucky 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 Kentucky?
Most states require property managers to hold a real estate broker's license or work under one. Check Kentucky'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 Kentucky 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 Kentucky-compliant property management agreement and download the PDF. No account needed.