The District of Columbia Real Estate Commission website provides a tool for searching for licensed property managers. To earn a property manager`s license in the District of Columbia, the candidate must be able to read, write, and understand English. pass the Commission`s examination; be a high school graduate or equivalent; no licences have been refused in the past year and no previous licences have been suspended or revoked in the last three years. A brokerage license is not strictly required, but any licensed real estate agent in the district also meets the requirements for admission as a property manager. B. Supplementary insurance. The administrator must maintain and issue owner`s certificates at his own expense at his own expense proving the existence of the following insurance policies: 1. Basic provisions/definitions. In addition to the other terms defined in this Agreement, the following terms, whenever used in this Agreement, have the meanings set forth in this Section 1, unless such meanings are expressly modified, limited or extended herein: 1. Overview Successful property management begins with good documentation, and you need to provide your new tenants with as much information as possible, to start your rental relationship off on the right foot.

A welcome letter can both contain information about your property`s rules and regulations, as well as add a human touch to an otherwise formal process. Basic property management agreements can be downloaded for free, but most, if not all, of these are standard agreements and can be too generalized or greatly favor the owner or manager.3 Some agreements are available online for as little as $9,994 and appear to have the same general language as the free ones; What they guarantee is professional formatting and accuracy. Wherever the model is generated, it`s a good idea to discuss the agreement first with a lawyer and then with the property manager or management company to make sure it`s fair and enjoyable for both parties. You should look for a contract that does not require a reason to terminate the agreement. You also want a clause that allows you to terminate the contract without penalty if the management company does not find a tenant within a certain period. Make sure that the management agreement contains a clear termination or termination clause. It should be indicated why and when the property manager / management company has the right to terminate the contract and when you, the owner, have the right to terminate the contract. If you hire a property manager, you should carefully review their management contract. .