How a Real Estate Business Hired a Lawyer to Draft a Property Management Agreement in California (2024)

In 2024, a business operating in California sought assistance with drafting a comprehensive Property Management Agreement tailored for commercial clients. The client recognized that the standard forms provided by the California Association of Realtors might not sufficiently address the specific needs of their commercial clientele. Therefore, they aimed to develop a more robust agreement that would encompass all essential aspects of property management, including leasing, maintenance, rent collection, and financial reporting. As a result, the client received nine proposals from qualified attorneys, with flat fee bids ranging from $500 to $2,100. All proposals were submitted to meet the client’s requirement for completion within one week, ensuring timely delivery of the necessary documentation.