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Property Management Agreement

At a glance

Price
₹1,499 · GST included
Stamp duty
No power to sign in the Owner's name, no interest transferred — Article 5, Schedule I-A, Stamp Act 1899 (PB/CH), a small fixed sum.
Registration
Not registrable: s.17, Registration Act, 1908 needs a Rs 100+ property interest created; this creates none.
Witnesses
Not required by law.

₹1,499

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Need more than this one? It’s part of the NRI letting kit: 3 documents for ₹1,699 instead of ₹2,297. You save ₹598. See what’s in the kit

Guided questions, full draft on screen, download in Word.

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Also called

  • estate management agreement
  • rental management agreement
  • property manager appointment

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in
Why you need it

When you need it

Own let PB/CH property and want someone else running it? Failures: unclear authority, mixed accounts. This defines the manager's powers, keeps rent/deposits separate, requires monthly statements by a fixed day, caps repairs without asking, requires rent receipts and tenant police verification, and confirms no lien.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No power to sign in the Owner's name, no interest transferred — Article 5, Schedule I-A, Stamp Act 1899 (PB/CH), a small fixed sum. Abroad-only signing: s.18 gives three months from first receipt in India; signing in India needs it stamped first.

Registration

Not registrable: s.17, Registration Act, 1908 needs a Rs 100+ property interest created; this creates none. Optional under s.18, pointless.

Notarisation

Not required for the agreement. Attest an abroad signature for proof without travel.

Witnesses

Not required by law. Two independent witnesses are recommended, signing wherever each party signs.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

PROPERTY MANAGEMENT AGREEMENT

The appointment of a manager to let, run and account for a property on the owner's behalf

Executed at Mohali on 1 April 2026.

Parties

1. The Owner — Gurpreet Singh Sandhu, son of Harbhajan Singh Sandhu, resident of House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071, mobile +91 XXXXX XXXXX, email gurpreet.sandhu@example.com ("the Owner").

2. The Manager — Sukhwinder Singh Randhawa, trading as Randhawa Estate Services, of SCO 108, Sector 44-C, Chandigarh 160047, mobile +91 XXXXX XXXXX, email manage@randhawaestates.in ("the Manager").

Background

A. The Owner owns the property at House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071, in Punjab: A two-storey house on a plot of 250 square yards, with a covered car porch, comprising Ground floor and first floor, each let separately ("the Property").

B. The Owner appoints the Manager to manage the Property on the terms of this agreement.

1. Term

1.1 This appointment runs from 2 April 2026 to 3 April 2026, unless it is ended earlier under clause 10.

2. What the Manager may do

2.1 Find prospective tenants, check their identity and references, and arrange for the tenant police verification that is the landlord's duty in Punjab and in Chandigarh to be completed before any tenant moves in.

2.2 The Manager may find and recommend tenants, but every tenancy agreement is signed by the Owner personally. The Manager must obtain at least these terms: Monthly rent of at least 32,000 rupees; eleven-month term; two months' security deposit

2.3 Collect rent, security deposits and other sums due from tenants, and give a signed receipt for every payment when it is made. For a tenancy governed by the Punjab Rent Act, 1995, a tenant who pays in cash is entitled to that receipt forthwith, and a landlord who fails to give it risks an order to pay damages of up to double the rent received.

2.4 Arrange routine repairs and maintenance, spending no more than ₹5,000 (Rupees Five Thousand only) on any one repair without the Owner's prior written approval. In an emergency threatening safety or serious damage, the Manager may spend what is necessary, and must tell the Owner within 24 hours.

2.5 Pay, out of rent collected and with the Owner's standing approval, the property tax, society or association charges and other outgoings of the Property as they fall due.

2.6 Inspect the Property at least once every 3 months, and whenever a tenant leaves, and send the Owner a dated written report with photographs.

Questions about this document

Does the Property Management Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

No power to sign in the Owner's name, no interest transferred — Article 5, Schedule I-A, Stamp Act 1899 (PB/CH), a small fixed sum. Abroad-only signing: s.18 gives three months from first receipt in India; signing in India needs it stamped first.

Does the Property Management Agreement need registration in Punjab and Chandigarh?

Not registrable: s.17, Registration Act, 1908 needs a Rs 100+ property interest created; this creates none. Optional under s.18, pointless.

What does the Property Management Agreement cost on Kaagazaat?

₹1,499, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Property Management Agreement need witnesses?

Not required by law. Two independent witnesses are recommended, signing wherever each party signs.

Often needed with this document

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