![]() The vast majority of rental property managers charge a leasing fee (sometimes called a new tenant placement fee), which is the fee for leasing or re-leasing the property if it becomes vacant. On a national level, according to the National Apartment Association in 2019, average management fees were in the range of 7-9%, although local markets can vary. We typically charge a monthly base fee of 5% of the gross monthly income of the property, with a minimum charge of $200/month for individually managed condo units or single-family homes. Most rental property management companies base their monthly fee off of a percentage of rent. ![]() Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination.
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