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Defines key terms such as Gross Collections, Operating Account, Lease, Rental Unit, Tenant Deposit, and Project Requirements, including tenant income and rent limits and compliance with HUD NSP requirements. Includes instructions for adaptation, discussion of agency versus independent contractor structure, and legal disclaimer to ensure attorney review and conformity with applicable laws.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/property-management-agreement-neighborhood-stabilization-program/177759/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/property-management-agreement-neighborhood-stabilization-program/177759.png","ImageObject",442,249,{"name":88,"@type":89},"Nguyễn Văn Học","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-19","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":15},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of this property management agreement?","Question",{"text":108,"@type":109},"It enables an Owner to contract with an Agent to operate and manage a rent- and income-restricted rental housing Project funded under the Neighborhood Stabilization Program.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Which party determines compliance when HUD requirements conflict with other documents?",{"text":113,"@type":109},"HUD NSP requirements control if there is any conflict between HUD requirements and the Management Agreement, Management Plan, or directives from the Owner.",{"name":115,"@type":106,"acceptedAnswer":116},"What are key definitions included in the agreement?",{"text":117,"@type":109},"The agreement defines terms such as Gross Collections, Operating Account, Lease, Rental Unit, Tenant, and Tenant Deposit, along with Project Requirements that include income/rent limits, reporting, recordkeeping, and grievance procedures.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},177759,1788329098,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":15,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":125,"read_time":140},1374402739827,"https://ap-avatar.wpscdn.com/avatar/14000c97e7351f1a627?x-image-process=image/resize,m_fixed,w_180,h_180&k=1787885694763230660","Sample Rental Housing Property Management Agreement\nAbout this Tool\nDescription:\nThis sample agreement is intended for use by a property owner to contract with a management company to operate a rent- and income-restricted rental housing property as an agent of the property owner.\nHow to Adapt this Document:\nIt is recommended that a property owner and attorney carefully review any management agreement prior to engaging a property management company. The property management company selected will undoubtedly have a standard form of management agreement. It is advisable to compare it to other sample forms such as this one and use qualified legal counsel to select a form of agreement that meets the particular requirements of a specific rental housing property—including income and rent restrictions—and describes management policies that comply with applicable federal, state and local laws.\nWithin this sample documents are notes and instructions in brackets with italic type. These should be removed from the final form.\nThe document also includes a list of appendices which are specific to an individual project and therefore not provided—for example: tenant selection policies, an operating budget and insurance requirements.\nThis example represents the traditional “agency” form of agreement.  A property owner may also wish to consider the “independent contractor” form of agreement, which (in some forms) may reduce the liability of the property owner for actions of the management company.\nSource of Document:\nThis document was adapted from documents provided by the Housing Development Corporation and the Community Development Law Center, both based in Portland, Oregon.\nDisclaimer:\nThis document is not an official HUD document and has not been reviewed by HUD counsel. It is provided for informational purposes only. Any binding agreement should be reviewed by attorneys for the parties to the agreement and must conform to state and local laws.\nU.S. Department of Housing and Urban Development\t\t\t\tPage 1\nNeighborhood Stabilization Program\nPROPERTY MANAGEMENT AGREEMENT\nBetween\n________________________________________, Owner, and\n__________________________ Management, Inc., Agent\nTHIS PROPERTY MANAGEMENT AGREEMENT (\"Agreement\") is made effective as of _____________ [insert month/day/year], by and between __________________________(\"Owner\"), and _____________ Property Management Company (\"Agent\"). This Agreement pertains to certain real property located in ___________________[insert city & state] at the various street addresses together with all improvements, appurtenances, and equipment located thereon. These addresses comprise the “Project” funded under the Neighborhood Stabilization Program (NSP). Owner desires to contract with Agent to provide full property management services for the Project.  In consideration of the covenants and agreements below, the parties agree as follows:\nArticle I.\tDefinitions\nThe following definitions reflect the terms as used in this agreement:\n\"Fiscal Year\" is the year ending _____________________.\n“Funders” includes those entities providing financing for the Project, as set forth in the Project Requirements.\n\"Gross Collections\" are all amounts actually collected by Agent, as rents or other payments, including any federal rental assistance, but excluding (i) income derived from interest or investments, (ii) discounts and dividends on insurance, and (iii) Tenant Deposits.\n\"Lease\" is any rental agreement whereby Owner has agreed to let and Tenant has agreed to accept a Rental Unit in the Project identified in the Lease in accordance with the terms of the Lease.  The form of Lease entered into by a Tenant must meet the requirements set forth in Section 4.3(d) and have attached thereto the form of lease rider described in Section 4.3(e).\n\"Operating Account\" is an account in Agent's name on behalf of the Owner designated of record. The account name should identify the Project and be approved in writing by Owner, at such ","cbCaij7ih8bjMa0u","https://ap.wps.com/l/cbCaij7ih8bjMa0u","docx",735388,23,"English","# Article I. Definitions\n## Fiscal Year and Funders\n## Gross Collections and Operating Account\n## Lease, Rental Unit, and Tenant Deposit\n# Article 2: Appointment and Acceptance\n# Article 3: Term and Termination","[{\"question\":\"What is the purpose of this property management agreement?\",\"answer\":\"It enables an Owner to contract with an Agent to operate and manage a rent- and income-restricted rental housing Project funded under the Neighborhood Stabilization Program.\"},{\"question\":\"Which party determines compliance when HUD requirements conflict with other documents?\",\"answer\":\"HUD NSP requirements control if there is any conflict between HUD requirements and the Management Agreement, Management Plan, or directives from the Owner.\"},{\"question\":\"What are key definitions included in the agreement?\",\"answer\":\"The agreement defines terms such as Gross Collections, Operating Account, Lease, Rental Unit, Tenant, and Tenant Deposit, along with Project Requirements that include income/rent limits, reporting, recordkeeping, and grievance procedures.\"}]","Property Management Agreement - Neighborhood Stabilization Program | DOCX",8]