Which document typically outlines the duties and responsibilities of a property manager?

The document that typically outlines the duties and responsibilities of a property manager is the property management agreement. This agreement serves as a formal contract between the property owner and the property manager, specifying the expectations, scope of work, and authority granted to the manager. It details various aspects such as the management fees, the manager’s responsibilities regarding tenant relations, maintenance, financial reporting, and other operational duties. This clarity ensures that both parties have a mutual understanding of their roles, which is crucial for effective property management and to avoid disputes.

In contrast, a lease agreement primarily governs the relationship between the landlord and tenant, outlining the terms under which a tenant may occupy the property. A purchase agreement pertains to the sale of real property and does not address property management responsibilities. Lastly, a sales contract is focused on the sale transaction and involves different parties and terms than those involved in property management. Therefore, the property management agreement is the specific document that defines the operational framework for property management duties.