Free Word template
A Word draft of a property management agreement for Nevada apartment buildings. It covers each item NRS 645.6056 requires and the clauses owners should check: fees, spending limits, trust accounts, reporting, cancellation and the handover. Adapt it with your attorney.
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Inside the template
Part 1
Five steps from first read to signature, and a table that maps each item NRS 645.6056 requires to its section.
Part 2
Owner, broker, permit and property, the initial term and renewal, and a checklist of included and excluded services.
Part 3
How far the broker acts as your agent, a spending limit with an emergency exception, and one fee schedule with nothing outside it.
Owner funds and resident deposits
Trust account and monthly reconciliation under NRS 645.310, the operating reserve, distributions, and where deposits are held.
Reporting and asset management
The monthly owner package, the budget, year-end statements, access to records and any asset management services.
Insurance and responsibilities
Coverage each side carries, vendor requirements, owner duties and fair housing compliance.
Cancellation and handover
Cancellation with or without cause, any fee, and a dated list of what the manager hands over at the end.
Notices, general terms and signatures
Where notices go, Nevada law, the disputes clause for your attorney, and signature blocks with license and permit numbers.
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How to use it
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Questions
Insights
Ownership and InvestingYour property management agreement decides how your apartments are run and how you can leave. Here is what Nevada requires and which clauses to check before you sign.
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