real-estate
Commercial Property Management Agreement Template
Use our free Commercial Property Management Agreement template to hire a manager to oversee commercial leasing, rent collection, maintenance, and vendor coordination. Customize fees, authority limits, and reporting — then download and print instantly.
COMMERCIAL PROPERTY MANAGEMENT AGREEMENT TEMPLATE FAQ
What is a commercial property management agreement?
A Commercial Property Management Agreement is a contract between a commercial property owner and a property manager. It defines responsibilities such as marketing and negotiating commercial leases, collecting rent and CAM charges (if applicable), coordinating repairs, managing vendors, and providing financial reporting.
How is commercial management different from residential management?
Commercial properties often involve longer lease terms, tenant improvements, CAM reconciliations, insurance requirements, vendor oversight, and more detailed reporting. This template includes sections for CAM/operating expenses, lease approvals, and spending authority.
What should be included?
Key terms include: property description, manager duties, leasing authority, tenant relations, maintenance responsibilities, budgeting and reporting, fee structure, expense/repair approval limits, handling of tenant improvements, insurance, and termination.
How are fees typically structured?
Common fees include a monthly management fee (percentage of collected revenue or flat fee), leasing commissions, renewal fees, construction/tenant improvement coordination fees, and project management fees. This template includes each common fee type with customizable fields.
What are CAM charges and reconciliations?
CAM (Common Area Maintenance) charges are amounts tenants pay for shared property expenses. Reconciliations compare estimated charges to actual costs for a period. This template includes an optional CAM section, but accounting practices should follow the lease terms.
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