How a Real Estate Business Hired a Lawyer to Draft a Property Management Agreement in Texas (2023)

In 2023, a licensed property management company in Texas sought assistance with drafting property management agreements for their operations. The client required two distinct contracts: one to formalize their relationship with landlords and another to outline the terms with tenants, specifically for renting single-family residences by the room. Key priorities for the landlord agreement included the right to subcontract management tasks, clear profit-sharing terms, and provisions regarding security deposits and tenant liabilities. The tenant contract aimed to maintain confidentiality regarding the lease amounts while specifying liabilities and additional services provided. As a result, the client received six proposals from licensed attorneys, with flat fee bids ranging from $945 to $3,500. All proposals were submitted in alignment with the client's desired timeline of over a week to ensure the contracts