Are property managers required to use written contracts?

Property managers are required to use written contracts to ensure clarity and provide legal protection for both parties involved in a leasing agreement. This written documentation establishes clear terms and conditions, including the responsibilities of both the property manager and the tenant. It helps mitigate misunderstandings and disputes by providing a reference point for what was agreed upon.

Using a written contract serves several essential functions. It outlines the specifics of the rental agreement, such as the rental amount, duration of the lease, and any rules or regulations pertaining to the property. Additionally, it serves as a legal document that can be upheld in court if necessary, protecting both the landlord’s and tenant's rights.

While some verbal agreements may hold up legally, they are often difficult to enforce due to the lack of documentation. Therefore, having a formal written contract is a best practice within property management, ensuring that both parties are on the same page and have a clear understanding of their obligations and rights.