Property Management / Caretaker Agreement Format & Template
Property Management · ₹500 · ~8 min · Sign in free, fill the guided form with a live preview, pay to download.
What is a Property Management / Caretaker Agreement?
A property management or caretaker agreement engages a person or agency to look after a property for an owner who lives elsewhere — often an NRI or an owner in another city. It sets out the duties (upkeep, paying bills and taxes, finding and dealing with tenants), the fee, and the limits of the manager’s authority.
Its most important job is to make clear that the caretaker is only managing the property on the owner’s behalf and gets no tenancy or ownership right in it.
When to use it
- You own a property in a city where you don’t live and need someone to maintain it.
- An NRI owner wants a relative or agency to deal with tenants, repairs and bills.
- A vacant property needs periodic inspection and security.
What you'll need
Keep these details ready — the form asks for them in this order.
Owner
Owner full name · Owner address
Caretaker
Caretaker / manager full name · Caretaker address
Property
Property address · Duties of the caretaker
Terms
Monthly management fee · Term · Start date
How it works
Enter owner, caretaker and property
Details of both parties and the property address.
List the duties
Maintenance, bill and tax payments, tenant management, inspections and reporting.
Set fee and term
Monthly management fee, term and start date.
Preview, pay and download
Review, pay ₹500 and download for signature.
How to make it legally valid
- Signed by the owner and the caretaker or agency, with witnesses.
- Stamp duty where your state charges it on agreements.
- A clause that the caretaker occupies (if at all) only as the owner’s agent, not as a tenant.
- If the caretaker is to sign leases or deal with authorities, a separate power of attorney.
Common mistakes to avoid
- Letting the caretaker live in the property with no written terms — the most common route to a tenancy claim.
- Giving power to sell or mortgage through a management agreement.
- No reporting or accounts obligation for rent and expenses handled.
Ready to prepare your Property Management / Caretaker Agreement?
₹500 · live preview before you pay
This is a self-help template for common situations — it is not legal advice and LawMitran is not a law firm. Need help with your property management / caretaker agreement? Find a property law lawyer · Legal documents FAQs.