Types of Management Agreements

LEASE-UP AGREEMENT – This is a one-time service for those owners wishing to manage their property themselves. Services per this agreement include advertising, showing property to prospective tenants, screening of tenants and reference checks, preparation and execution of leases, collection of initial rent, security deposit and non-refundable pet fee (if applicable), a move-in inspection, and a move-in condition report. Management is then delivered back to the owner for the second month of the lease. 

LONG-TERM RENTAL AGREEMENT – For owners who select ALLEN Realtors® to manage their properties on a full-time basis, we offer services to include advertising, showings of property to prospective tenants, screening of tenants and reference checks, preparation and execution of leases, collection of rent, security deposit and non-refundable pet fee if applicable, periodic inspection of property, monthly accounting and income disbursement, supervision and execution of maintenance needs.

Under Both Agreements

• We are always the exclusive agent for the owners; 
• The properties we manage are rented based on current rental market rates and the condition of the rental property.  All rent prices will be discussed with the owner prior to listing the market for rent; 
• Owners have the option of designating their property as “non-smoking” or “no pets.”  Service animals must be accomodated; 
• Properties must be clean, ready and safe for immediate occupancy. If you require assistance, we will assist you in getting your property ready to rent; 
• If your property is in a covenant-controlled neighborhood and/or has restrictions for renting in its Declaration and By-Laws or Rules and Regulations, a copy of the related documents must be provided to us as well as a point-of-contact with the homeowner association; 
• Tenants pay all utilities including cable, telephone and yard care, unless agreed upon otherwise by the owners in advance and in writing; 
• Our lease terms are generally for 12 months. However, the term of the lease can be negotiated depending on the owner’s needs. Sometimes (depending on the time of the year) shorter leases may be more effective for obtaining a quality tenant or having the property open for re-renting at a better time; 
• All properties must be maintained in good condition. If it is determined that a rental property falls below minimum safety or health standards — or if the governing municipality requires specific compliance — the owner will be contacted for necessary remedies. Failure to comply with the requested upgrades may result in termination of the management contract; 
• Federal and state fair housing regulations prohibit us from discriminating against anyone in a protected class, including on the basis of race, creed, color, religion, national origin, ancestry, handicap (both physical and mental), marital status and familial status.