How a Real Estate Business Hired a Lawyer to Draft a Property Management Agreement in California (2022)

In 2022, a business in California sought assistance with drafting a property management agreement as it aimed to expand its services to landlord clients managing apartment buildings. The client, a licensed broker, needed specific provisions included in the agreement, such as a clause limiting their ability to manage repair requests to those costing $500 or less, details regarding their leasing fee, and a stipulation that they would serve as the listing agent in the event of a property sale. The client was unsure about additional necessary components and requested legal guidance to ensure a comprehensive agreement. As a result, the client received two proposals from licensed lawyers, with flat fee bids ranging from $695 to $800, all submitted to meet the requested deadline of one week.