Home/ Owners / Management agreement
Texas property management agreement
Read the terms before you sign.
We use the Texas REALTORS® Residential Real Estate Management Agreement, the standard form used across Texas. Here's how we fill in the parts that matter, in plain English.
Key terms
What you're agreeing to.
Term
Our agreement
Length & cancellation
Cancel anytime
with 30 days' written notice. No termination fee, no fee to release the tenant.
Management fee
8% of rent collected.
Nothing while the home is vacant.
Leasing fee
One month's rent
when we place a new resident.
Lease renewal
$100 flat
, after a market rent review 60 days before the lease ends.
Make-ready coordination
$150, $250 or $350 flat
by size of job, set in writing before work starts. Never a % of the bill.
Repairs
Contractor's price, no markup.
Original invoice attached to your statement.
Repair approvals & reserve
$500 per door
held in your account for small repairs. We call you before any repair over $500.
Owner payouts
Direct deposit on the 10th
, with a monthly statement and every invoice in your owner portal.
Security deposits
Held by us in trust
and accounted for at move-out under the Texas Property Code
.
Late fees
Paid by the tenant and kept by us
as a collection charge.
Insurance
You keep a landlord policy with at least $500,000 in liability coverage
, naming Signature as additional insured
.
Tax reporting
Year-end statement and 1099
for your CPA.
This summary is for convenience. The signed agreement controls. Ask us for a copy of the full agreement before you sign.
What's never in it
- Setup or onboarding fee $0
- Admin or technology fee $0
- Fee while vacant $0
- Markup on repairs $0
- Termination fee $0
If you cancel
Give us 30 days' written notice. We hand over everything to you or your next manager:
- Signed leases and resident records
- Security deposits
- Keys, codes and remotes
- Statements, invoices and inspection reports
Want to read the full agreement?
Ask for a copy and we'll send it with your terms filled in. Or start with a free Rental Property Review.
Or call (832) 916-3547
