Property Management and Leasing Agreements: Key Provisions for Multifamily, Office, Retail, and Industrial Properties
Navigating Fees and Expenses, Agency, Property Improvements, Early Termination Provisions, Licensing Requirements, and More
About the Course
Introduction
This CLE webinar will review the key provisions found in property management and leasing agreements, focusing on issues particular to multifamily, retail, office, and industrial properties. The panel will discuss provisions on fees and commissions, leasing authority, insurance, tenant build-out obligations, staffing, early termination provisions, and more. The panel will also highlight licensing requirements for property managers and address when an asset manager or master lease might be included in the management structure.
Description
Property managers control the day-to-day operations of most commercial real estate. The management agreement should thoroughly delineate the manager's responsibilities and address how various costs and liabilities will be allocated between the parties. Counsel must know key provisions to include in a property management agreement and when an alternative management structure (such as a separate asset management agreement) might be appropriate.
Leasing authority will vary depending on property type. Multifamily property managers are typically authorized to enter into residential leases on a standard form. Property management agreements involving retail or office management may require owner approval of every lease, leases of a certain size, or leases that vary from an agreed form. The agreement may also address build-out or construction work.
Many states have licensing requirements for leasing activity. Counsel must address contingencies and licensing requirements based on the property type and the engagement.
Listen as our authoritative panel discusses the provisions commonly found in property management and leasing agreements, and how leasing, fees and commissions, build-out, early termination, staffing, and other provisions might vary with the property type and the engagement. The panel will also address the interplay between property management agreements and loan documents, including lender consent and approval rights, collateral assignments of management agreements, and subordination requirements. The panel will also discuss alternative management documents, such as master leases and asset management agreements and the circumstances in which they might be used. Finally, the panel will discuss the typical licensing requirements that may exist under state law.
Presented By
Ms. Everett is an associate in the Real Estate, Energy, Land Use & Environmental Practice Group in the firm's Los Angeles office. She is a California licensed real estate broker with a background in title insurance, residential and commercial leasing, sales and property management and homeowner association management. Ms. Everett represents developers, property owners, tenants, and landlords in a variety of commercial real estate transactions for their retail, restaurant, office, multifamily, warehouse, and industrial spaces, including government leasing (GSA).
Ms. Stavile's practice involves diversified commercial real estate and leasing transactions in both the U.S. and abroad. She handles real property acquisitions, sales, and financings; corporate formations and joint ventures; retail, office, net, and restaurant leases; license and distribution agreements; debt and corporate restructuring; and real estate workouts. Ms. Stavile has negotiated air rights contracts and construction agreements, handled the acquisitions of condominium units, and worked on various residential matters.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Thursday, May 28, 2026
- schedule
1:00 PM ET/10:00 AM PT
I. Affiliated vs. unaffiliated property managers
II. Differences in property types
A. Multifamily
B. Retail
C. Office/industrial
III. Standard provisions
A. Manager's day-to-day management authority
B. Enforcement and compliance with leases
C. Handling of security deposits
D. Fees and commissions
E. Allocation and reimbursement of expenses: budget approval, accounting
F. Management fees and leasing commissions
G. Insurance carried by owner and manager; indemnities
H. Hiring and payment of onsite personnel
I. Reporting obligations, budgets, and performance standards
J. Representations, warranties, and limitation of liability
IV. Early termination: obligations of parties after termination
V. Lender requirements
A. Subordination of management agreements to mortgage and loan documents
B. Collateral assignment of management agreements to lenders
C. Lender consent and approval rights over selection and termination of property managers
D. Management agreement provisions typically required by loan documents (e.g., termination rights, fee caps, reporting)
VI. Alternative management structures: master leases, asset management agreements
VII. Licensing requirements associated with leasing and other activities
The panel will review these and other key issues:
- How do management responsibilities differ with different property types?
- What are the key provisions that should appear in any third-party management agreement?
- How are leasing activities determined, and what are the licensing requirements?
- When is an early termination option desirable, and what should the process be?
- How should the parties allocate liability, and what representations and warranties are appropriate?
- What lender requirements and loan document provisions affect the structure and terms of property management agreements?
- When might a master lease or an asset management agreement be used?
Related Courses
Property Management and Leasing Agreements: Key Provisions for Multifamily, Office, Retail, and Industrial Properties
Thursday, May 28, 2026
1:00 PM ET/10:00 AM PT
