This Agreement is made on this ___ day of ________, 20, at Bangalore, Karnataka, by and between:

WHEREAS, the Owner is the lawful owner of the immovable property located at:

[Full Address with PIN Code] (“the Property”),

AND WHEREAS, the Owner desires to engage the Property Manager to manage and maintain the said property, and the Property Manager agrees to do so on the terms and conditions set forth herein.

1. Scope of Work

The Property Manager shall:

• Advertise and lease out the property
• Collect monthly rents, deposits, and utility charges
• Handle tenant complaints and liaison
• Arrange for routine maintenance, repairs, and inspections
• Pay property taxes, electricity/water bills from rental income (if authorised)
• Keep digital and physical records of all financial transactions
• Provide monthly statements to the Owner

2. Duration

This Agreement shall commence on //20__ and remain valid for an initial period of 12 months, automatically renewable unless either party gives 30 days' written notice of termination.

3. Fees and Payments

The Owner shall pay the Property Manager:

• A management fee of ___% of gross monthly rent, OR
• A flat monthly fee of ☐_____________________________
  This fee shall be deducted from rent before remittance.

A one-time leasing commission of ☐______________ may apply when a new tenant is secured.

4. Owner's Obligations

The Owner agrees to:

• Provide all necessary ownership documents
• Maintain property insurance
• Approve repairs over ☐____________________
• Reimburse Manager for expenses not covered by rental proceeds

5. Tenancy and Legal Compliance

• All tenancy agreements will be executed in writing under Karnataka Rent Control Act and registered if required.
• Police verification and KYC of tenants shall be done as per Bangalore City Police guidelines.
• The Manager shall act only as an agent and shall not be liable for tenant misconduct or property damage unless due to negligence.

6. Termination

This agreement may be terminated:

• By either party with 30 days' notice in writing
• Immediately if either party breaches the terms of the agreement

Upon termination, the Manager will hand over:

• Property keys
• Security deposits (if applicable)
• All pending accounts and tenant details

7. Jurisdiction

This Agreement shall be governed by the laws of India, with jurisdiction limited to the courts at Bangalore, Karnataka.

8. Entire Agreement

This document constitutes the full agreement between the parties and supersedes all previous communications.