Free Rhode Island 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 R.I. Gen. Laws § 34-18-1 et seq..
What's Included in Your Property Management Agreement
10 key sections — state-compliant for Rhode Island
What's Included in Your Property Management Agreement
10 key sections — state-compliant for Rhode Island
Free Rhode Island Property Management Agreement
Hiring a property manager in Rhode Island? 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 R.I. Gen. Laws § 34-18-1 et seq.
- Termination terms — How to end the relationship
Rhode Island Property Management Requirements
Under Rhode Island law:
- Security deposits: 1 month rent limit, return within 20 days
- Required disclosures: 3 items
- Lease termination notice: 30 days for month-to-month
Frequently Asked Questions: Rhode Island Property Management Agreement
What is a typical property management fee in Rhode Island?
Property management fees in Rhode Island 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 Rhode Island?
Most states require property managers to hold a real estate broker's license or work under one. Check Rhode Island'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 Rhode Island 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 Rhode Island-compliant property management agreement and download the PDF. No account needed.